CIMA Financial Reporting F1 Question # 39 Topic 4 Discussion

CIMA Financial Reporting F1 Question # 39 Topic 4 Discussion

F1 Exam Topic 4 Question 39 Discussion:
Question #: 39
Topic #: 4

AB has prepared its financial statements for the year ended 31 July 20X5. On 15 September 20X5 a major fraud was uncovered by the external auditors which had taken place during the year to 31 July 20X5 The financial statements have not yet been authorised

In accordance with IAS 10 Events After the Reporting Period, AB should treat the fraud as:

F1 Question 39


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