Events after the reporting period

Events after the reporting period

Those events, favourable and unfavourable, that occur between the end of the reporting period and the date when the financial statements are authorised for issue. Two types of events can be identified: (a) those that provide evidence of conditions that existed at the end of the reporting period (adjusting events after the reporting period); and (b) those that are indicative of conditions that arose after the reporting period (non-adjusting events after the reporting period).

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Accountancy
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Related terms

events after the reporting period

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