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AS 4
Accountancy
Under AS 4 events occurring after balance sheet date , for non adjusting events where should the disclosure be made in notes to accounts or in report of approving authority?
Answers (3)
Hemendra Kathole
If they are significant, the approving authority (like board of company) can disclose same in their report.(board's report).
It depends on statutory requirements or special nature or going concern assumption , if it is not going concern then it should be adjusted to financial statements.
