IAS 10Chapter 2Lesson 2
The date of authorisation for issue
Step 1 of 8Learning objectives
Go deeper+1 deeper insight · +1 point of attention
The date of authorisation for issue closes the IAS 10 window. It depends on the entity's governance. When shareholders approve the statements after they are issued, the date of authorisation is the date of issue, not that of the meeting. When management submits the statements to a supervisory board made up solely of non-executives, the date of authorisation is when management authorises that submission.
15 minNot started
Learning objectives
- Determine the date of authorisation when shareholders approve after issue or a supervisory board is involved.
- Assess, in a given governance structure, which act is the authorisation and its consequences for the window.