IAS 10 Events after the Reporting Period Problematized : Some Questions Regarding the Standard’s (Read by its Letter) Understandability

• Events after the reporting period is an interesting phenomenon, as they are both very common and can be tricky to address correctly. Yet, quite surprisingly, not much research has been carried out on how to interpret the rules regarding events after the reporting period. This article is written from a legal perspective, with the purpose of looking closely at the wording of the IAS 10, in order to discuss if, or to what extent, it is clear enough to (as far as possible) give the management of a business (or auditors, courts etc.) sufficient clarity on how to handle events after the reporting period – or if, and if so how, the rules are unclear. Some hints de lege ferenda (what improvements could be made inthe standard?) are also given, with the purpose of making the IAS 10 clearer.

Subject headings

SAMHÄLLSVETENSKAP  -- Juridik -- Juridik (hsv//swe)

SOCIAL SCIENCES  -- Law -- Law (hsv//eng)

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business (hsv//eng)

Keyword

events after the reporting period

post balance sheet events

legal interpretation

legal predictability

legal clarity

decisive moment

Publication and Content Type

ref (subject category)

art (subject category)