Adjusting event

Financial reporting - post balance sheet events.

For financial reporting purposes an adjusting event is an event after the reporting period that provides further evidence of conditions that existed at the end of the reporting period.

This includes any event that indicates that the going concern assumption in relation to the whole or part of the reporting entity is not appropriate.

Financial reporting standards, for example IAS 10, require the financial statements to be adjusted, in respect of adjusting events.

See also

• Balance sheet
• Balance sheet date
• Financial reporting
• Financial statements
• Going concern
• IAS 10
• Non-adjusting event
• Post balance sheet event
• Reporting entity