Events after reporting date should not be disclosed because the balance sheet is 'as at' a particular date:

Question

Quizplus · Accepted Answer

Events after reporting date may have an impact on the financial statements and should be disclosed if they provide additional information about the company's financial position or performance. The balance sheet may need to be adjusted to reflect these events if they occurred before the financial statements are authorized for issuance. Therefore, disclosing events after the reporting date may be necessary to provide a fair presentation of the company's financial position.

Events After Reporting Date Should Not Be Disclosed Because the Balance