1 The objective of this Standard is to prescribe:
- when an entity should adjust its financial statements for events after the reporting period; and
- the disclosures that an entity should give about the date when the financial statements were authorised for issue and about events after the reporting period.
The Standard also requires that an entity should not prepare its financial statements on a going concern basis if events after the reporting period indicate that the going concern assumption is not appropriate.
2 This Standard shall be applied in the accounting for, and disclosure of, events after the reporting period.
Events after the reporting … Read more