Non adjusting event

This topic has 1 reply, 2 voices, and was last updated 10 years ago by Ken Garrett.

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November 3, 2015 at 9:28 am #280196
anu1234
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Hi,

If an event does not provide evidence at the BS date and is not material , should we treat it as a non adjusting event and make a disclosure ?

Is materiality a factor in determining whether an event is adjusting or non adjusting ?
November 3, 2015 at 10:24 am #280202
Ken Garrett
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Materiality does not determine whether an event is adjusting or non-adjusting.

You would not have to make disclosures about non-material events.
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