IAS 10: Events after the Reporting Period

Answers:

01.  Disclosures about average number of employees of the entity during the reporting year.  

02.  Not prepare its financial statements on going concern basis.

03.  All above

04.  False

05.  True

06.  Specific events to be disclosed in director’s commentary in annual report.

07.  Financial statements are authorized for issue when board of directors approve.

08.  Entity shall adjust amount recognized in financial statements to reflect these events.

09.  Entity shall not adjust amount recognized in financial statements.

10.  True