diff --git a/discord/audit_logs.py b/discord/audit_logs.py
index d3b50ba8e3..34263abbe7 100644
--- a/discord/audit_logs.py
+++ b/discord/audit_logs.py
@@ -601,5 +601,5 @@ def _convert_target_sticker(self, target_id: int) -> Union[GuildSticker, Object]
     def _convert_target_thread(self, target_id: int) -> Union[Thread, Object]:
         return self.guild.get_thread(target_id) or Object(id=target_id)
 
-    def _convert_target_scheduled_event(self, target_id: int) -> Optional[ScheduledEvent]:
+    def _convert_target_scheduled_event(self, target_id: int) -> Union[ScheduledEvent, Object]:
         return self.guild.get_scheduled_event(target_id) or Object(id=target_id)
diff --git a/discord/enums.py b/discord/enums.py
index 9920d70a86..be38344d27 100644
--- a/discord/enums.py
+++ b/discord/enums.py
@@ -469,7 +469,7 @@ def target_type(self) -> Optional[str]:
             return "scheduled_event"
         elif v < 113:
             return "thread"
-        elif v < 121:
+        elif v < 122:
             return "application_command_permission"