AASB 110 refers to subsequent events that provide evidence about conditions that existed at reporting date. Such events:
A)require adjustments to the figures in the financial statements.
B)do not have any effect on the accounts until the next financial period.
C)must be referred to in the auditor's report.
D)must be disclosed in a footnote to the financial statements.

Question

Quizplus · Accepted Answer

Subsequent events that provide evidence about conditions that existed at the reporting date require adjustments to the figures in the financial statements to reflect the conditions accurately.

AASB 110 Refers to Subsequent Events That Provide Evidence About