Receipt is not evidence

Learning objectives

• Explain why receipt of a grant does not of itself provide conclusive evidence that the conditions have been fulfilled.L1, L2, L3

Normative references

• IAS 20 §8Receipt of a grant does not of itself provide conclusive evidence that the conditions attaching to it have been or will be fulfilled.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• Once an entity has received a government grant in cash, that receipt is enough to establish that the conditions attached to the grant have been or will be met.L2