ICANAudit & AssuranceAudit Completion, Going Concern and Subsequent Events2021

An adjusting event after the reporting period is one that:

AArose after the year end and is unrelated to year end conditions
BProvides evidence of conditions that existed at the reporting dateCORRECT
COccurs after the financial statements are issued
DIs always disclosed but never adjusted
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
IAS 10 requires adjustment where the event provides evidence of conditions existing at the reporting date, such as the bankruptcy of a customer confirming an existing doubtful debt. Non-adjusting events are disclosed if material.
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