IAS 10 Events After the Reporting Period and IAS 8 Changes, Estimates, and Errors

May 7, 2026

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IAS 10 and IAS 8 guidance explains how to identify and account for events that arise after the end of the reporting period, covering both adjusting and non-adjusting events. It defines the timing window between the reporting period end and the authorization date for financial statement issuance, and links evidence at year end to whether amounts should be adjusted. Examples include impairment evidence for assets, settlement of legal/insurance claims, determination of sale or purchase prices, and discovery of fraud. It also addresses non-adjusting matters such as subsidiary acquisitions, restructuring announcements, major disposals, destruction of assets, and litigation. IAS 8 then clarifies accounting policy definitions, estimation methods, and prior period errors, outlining retrospective and prospective treatments, including restatement of retained earnings and disclosures in the statement of changes in equity when applicable.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages21

Reading Time53 min

AccessFree to download

May 7, 2026

Upload by Himbo