Under AASB 110 Events after the Reporting Period, adjusting events refer to

Under AASB 110 Events after the Reporting Period, adjusting events refer to

Under AASB 110 Events after the Reporting Period, adjusting events refer to?

A. Events occurring after reporting date with no impact on year-end balances

B. Events providing evidence of conditions existing at reporting date

C. New business transactions after reporting date

D. Unrelated industry policy changes

Answer: B

Explanation: Adjusting events reflect conditions existing at the end of reporting period and require financial statement adjustment.