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Hi sir,
I have trouble understanding the three events belong to ” events occur after the reporting date of a company but before the financial statement are authorised for issue are classified as adjusting events in accordance with IAS 10 Events After the Reporting Period.”1 A change in tax rate announced after the reporting date, but affecting the current tax liability.
2 The discovery of a fraud which had occurred during the year.
3 The determination of the sale proceeds of an item of plant sold before the year end.1 fixes with greater certainty an amount or estimate as at the balance sheet date
2 again, the discovery relates to a condition or situation that DID exist as at the balance sheet date
3 once again, the determination of the price has fixed with greater certainty an amount or estimate as at the balance sheet date
Thanks.
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