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Events after the reporting period

: 'An event which could be favourable or unfavourable, that occurs 

between the reporting period and the date that the financial statements are authorised for issue.' 

 

(IAS 10, para. 3)  

1.2 Events after the reporting period 

Between the reporting date and the date the financial statements are authorised (ie for issue outside the 

organisation), events may occur which show that assets and liabilities at the reporting date should be 

adjusted, or that disclosure of such events should be given.  

Adjusting event

: 'An event after the reporting period that provides further evidence of conditions that 

existed at the reporting period.' 

 (IAS 10, para. 3) 

 

 

BPP Tutor Toolkit Copy

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CHAPTER 21  

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  EVENTS AFTER THE REPORTING PERIOD