CERTYNEX IFRS ACADEMY

At Grirgence, management authorises on 2 February the submission of the accounts to the supervisory board (non-executives), which approves them on 25 February. On 12 February, a major customer is placed in liquidation. How should this event be treated in these accounts?

It must be adjusted, because any liquidation of a customer reveals a condition existing at the reporting date.

It requires the board's approval to be postponed until the customer's liquidation is complete.

It occurs after the authorisation date: it does not fall within the window of these accounts.

It falls within the window, as the board has not yet approved the accounts at that date.