IAS 10 EVENTS AFTER THE REPORTING PERIOD
IAS 10 deals with the effects of events after the reporting period on an entity's financial statements (IAS 10.1–10.2). IAS 10 defines events after the reporting period as events that occur after an entity's reporting period, but before the date when the financial statements are authorized for issue. The date that the financial statements are authorized for issue is generally the date at which the financial statements are authorized and issued by management, either to the shareholders or to a supervisory board (made up solely of non-executives), if given. Even if the shareholders or a supervisory board are required to approve the financial statements, the date of authorization for issue is the date of authorization by management (IAS 10.5–10.6).1 Financial statements do not reflect events after the date when the financial statements were authorized for issue (IAS 10.18).
It can be deduced from the information above that not all events after the reporting period are within the scope of IAS 10:2
Events after the reporting period within the scope of IAS 10 can be subclassified as follows (IAS 10.3):