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EVENTS AFTER THE REPORTING PERIOD

Introduction – IAS 10

• Events after the reporting period are those events,

both favourable and unfavourable, that occur after

the date of the statement of financial position (the

reporting date) and the date when the financial

statements are authorised for issue.

• The most important aspect is to determine when

an entity should adjust its financial statements for

events after the reporting date as well as the

disclosure requirements.

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