Post by account_disabled on Mar 15, 2024 22:28:09 GMT -5
A statements audited but not yet approved. It is generally accepted that no adjustments can be made to financial statements after they have been prepared and audited and that approval of financial statements is only formal. This belief is wrong. According to Art. An entity will not exist if, after the preparation of its annual financial statements and before their approval, the entity receives information about events that have a material effect on those financial statements or lead to an assumption that the entity will continue.
As a going concern. . If there are reasonable grounds, the report should be revised accordingly and appropriate records should be made in the accounting books for the AWB Directory financial year to which the financial statements relate. If events occurring after the balance sheet date do not change the circumstances at the balance sheet date then include an appropriate explanation in the additional information. The statutory auditor who reviewed the report should also be notified. At present, it seems that basically every economic entity in Poland.
Has been affected by the economic impact of the epidemic to a greater or lesser extent. Therefore, these entities should treat the development of the epidemic as a significant event after the balance sheet date. The impact of the pandemic will vary depending on the nature of the entity's business operations, but it can be said with a high degree of certainty that most unapproved financial statements should be subject to some degree of adjustment in response to changes in the overall economic situation. Coronavirus pandemic. The nature of corrections may vary.
As a going concern. . If there are reasonable grounds, the report should be revised accordingly and appropriate records should be made in the accounting books for the AWB Directory financial year to which the financial statements relate. If events occurring after the balance sheet date do not change the circumstances at the balance sheet date then include an appropriate explanation in the additional information. The statutory auditor who reviewed the report should also be notified. At present, it seems that basically every economic entity in Poland.
Has been affected by the economic impact of the epidemic to a greater or lesser extent. Therefore, these entities should treat the development of the epidemic as a significant event after the balance sheet date. The impact of the pandemic will vary depending on the nature of the entity's business operations, but it can be said with a high degree of certainty that most unapproved financial statements should be subject to some degree of adjustment in response to changes in the overall economic situation. Coronavirus pandemic. The nature of corrections may vary.