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 Auditors' Report is signed, there is a big fire at Megablast 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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ANSWER i Treatment in the Accounts The fire at Megablast plcs biggest factory should be treated as an adjusting event after the balance sheet date if ...View the full answer
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