CAT / FIA FFA Syllabus F. Preparing Basic Financial Statements - Events after the reporting periods - Notes ^{4 / 5}

IAS 10 requires these three disclosures

1. the date when the financial statements were authorised for issue and who gave that authorisation.

2. if information is received after the end of the reporting period about conditions that existed at the end of the reporting period, disclosures that relate to those conditions should be updated in the light of the new information.

3. where non-adjusting events after the reporting period are of such significance that non-disclosure would affect the ability of the users of financial statements to make proper evaluations and decisions, disclosure should be made for each such significant category of non-adjusting event regarding the nature of the event and an estimate of its financial effect or a statement that such an estimate cannot be made.