A non-adjusting event is one that:
A) Provides evidence about new conditions that did not exist at reporting date.
B) Occurred before balance sheet date.
C) Provides additional evidence of or information about conditions that existed at the reporting date.
D) Occurred before the auditor signed the audit report.
E) None of the given answers.

Question

Quizplus · Accepted Answer

A non-adjusting event provides evidence about new conditions that did not exist at the reporting date, thus it does not require adjustments to the financial statements.

A Non-Adjusting Event Is One That