Events After the Reporting Period

Question 1

IFRS

ASPE

Answer 1

IAS10 Authorization date of the financial statements

ASPE 3820 Completion date of

Question 2

Adjusted events

Going concern

Answer 2

Existed at end of the reporting period

Court case
Asset impaired
Bankrupt
Inventory Net realized value lower than carrying value
Fraud or errors

Going concern- restate at liquidation value

Question 3

Non-adjusting

Answer 3

Dividend declared

Change in tax rate or laws

Question 4

Disclosure

Answer 4

1 the date the financial statements were authorized

2 any persons who have the power to amend the financial statements after they are issued