AS 4- Disclosure for non adjusting events

Accountancy

15. Disclosure should be made in the report of the approving authority of those events occurring after the balance sheet date that represent material changes and commitments affecting the financial position of the enterprise. Is para 15 relating to the disclosure of events affecting validity of the going concern assumption? Or is it speaking about all events occurring after BS date in general?

Vishnu Muraleedharan

CA Final

★ 32K+

19-Sep-24 09:59

805

Answers (4)

Best Answer

Adjusting are anyways recorded. If material, disclosed as well.

CA Suraj Lakhotia

Admin

19-Sep-24 14:31

Only Material events.

CA Suraj Lakhotia

Admin

19-Sep-24 10:23

CA Suraj Lakhotia Admin

Only Material events.

regardless of whether it is adjusting or not?

Thread Starter

Vishnu Muraleedharan

CA Final

★ 32K+

19-Sep-24 11:49

If it is an adjusting item then it will adjusted in financial statements, If not adjusting and material then disclosure is necessary If going concern is affected then they shd prepare FS not assuming going concern

R Yashwanth Kumar

CA Final

★ 87K+

20-Sep-24 11:08