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Can i state that this is a balance sheet after reporting date where it is an adjusting events required adjustment. If not understate the profit and current
liabilities. I read through the examiner answer but he did not mention this so i was wondering can i write this.Correct me if im wrong thanks..
No, it’s not an adjusting event.
There is no event! It’s simply a matter of a material disagreement with Mr Smith as to the need for a provision – he says it’s not necessary but we are deeply sceptical and would like to see some evidence to support his contention
This has nothing at all to do with subsequent events
Sorry 🙁
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