Favourable or unfavorable events that occur between the end of the reporting period and the date when the financial statements are authorized for issue.
“It is easy to be wise after the event.”
Wise disclosure of events after the reporting period is essential -> good guidance to be found in IAS 10.
15 seconds and three unusual, real-world examples.
quote in the headline: Arthur Conan Doyle: Complete Sherlock Holmes, via Goodreads.