Events after the reporting period: adjustment and disclosure rules, and effect on the going concern basis.

The Standard prescribes adjustment and disclosure rules for events after the reporting period, requiring adjustments only for events evidencing conditions at the reporting date and disclosure of the date financial statements were approved. It requires abandonment of the going concern basis where post reporting events make it inappropriate, and it applies to both annual and interim financial statements, with the approval date determined by the entity's relevant approving authority.

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