CERTYNEX IFRS ACADEMY

Griscane issues its 2025 accounts on 14 April 2026. On 2 May, before the meeting on 19 May, it learns that a customer, already in difficulty at the reporting date, is bankrupt. The finance director proposes to adjust the issued accounts. What is the answer?

They must be adjusted, as the condition existed at the reporting date.

They must be adjusted, as the meeting has not yet approved the accounts.

The meeting must be delayed until the customer's bankruptcy proceedings end.

The information arrives after the authorisation date (14 April): these accounts are not adjusted under IAS 10.