IAS 10 · Workpapers (Step 4 of 5)
Workpaper assignment
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Version of this content
IAS 10 Events after the Reporting Period — wording before IFRS 18Applicable today
Applies to annual periods beginning before January 1, 2027.
Review of events after the reporting period: April strike
Review file of the events after the reporting period of an industrial group
Section 1 of 7
Objective
Section brief
- What to document
- The engagement, its scope and the working mode chosen.
- Why
- A workpaper answers one precise question: framing it avoids off-topic work.
- How
- Read the objective and the assignment, then choose the mode (guided, semi-guided, professional).
- Expected result
- You know which question the workpaper must settle, and for which reporting date.
- Your role
- Preparer of the IAS 10 workpaper
- Level
- Expert
- Estimated time
- ≈ 35 min
- Progress
- 0 / 3 steps done (review excluded)
Context
Caldérac Industries SA (fictitious entity) is finalising its 20X5 statements. Between the reporting date and approval, management received a lawyer's letter, a bank letter, a customer's receivership notice, the statement of inventory sales and management board minutes. You prepare the review file of the events after the reporting period, submitted to the reviewer before approval.
Assignment
Review of the events after the reporting period
Purpose of the workpaper
Set the review window (from the reporting date to the date of authorisation for issue, according to the entity's governance), then, for each event identified (one instance per event), decide whether the condition existed at the reporting date, quantify the relevant effect, assess materiality and derive the treatment: adjustment of amounts, disclosure in the notes, update of a disclosure or no effect.
Questions of the file covered by this workpaper
- Determine the authorisation date and the period to be analysed.
- Classify each event identified.
- Measure the fall in the Quelvrane shares after the reporting date.
- Post the dividend entry in the right period.
Documents in the file
Open the documents to pick out the relevant information.