After the year end, but before the Auditors Report is signed, there is a big fire at
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After the year end, but before the Auditor’s Report is signed, there is a big fire at Megablow plc and their biggest factory burns down throwing the future of the company into doubt. How should this be treated (i) in the accounts and (ii) by the auditors?
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The treatment of a significant event like a major fire that occurs after the yearend but before the auditors report is signed depends on various factors including the impact of the event on the financ...View the full answer
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