Treatment of Events Occurring After the Interim Financial Reporting But Before the Date of Board’s Approval
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- By Chetan Kulasri
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- Last Updated on 23 March, 2024
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A company is preparing its interim financial report for the quarter ending and has noticed some material events occurred after the interim financial report but before the approval for issue by the Board of Directors that provided evidence of conditions that existed at the end of the interim reporting period. The management is concerned whether such events occurring between the end of the interim financial report and the date of approval by the Board of Directors shall be adjusted in the interim financial report as the standard does not provide any guidance on the term “Reporting Period” will include interim reporting period or not.
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