Events after the reporting period and going concern

events Between the end of reporting - The date when the financial statements are authorized for issue

• Evidence of conditions that exist the reporting period
• Adjust the amount

• indicative of conditions that arose after the reporting period
• Do not adjust
• disclose the nature of the event and the estimate of its Financial effect

• Should not prepare on the going concern basis if (1) liquidate the company (2) cease Trading
• Deterioration of operating results and financial position indicate need to reassess going concern assumption
• If no longer applicable: Fundamental change in the basis of accounting rather than adjustment; as1 requires disclosure if not prepared on going concern basis