One Committee member talked about the reissue of financial statements in the context of offering as the problem for the regulators and how IAS 10 could not encompass a “one size fits all” solution to the scope and breadth of regulation in the global capital markets.
In the interests of time, the Chair summarised the key arguments tabled.
sequent events occurring between the date of the financial statements and the date of ..
financial statements that is limited to the revision (that is, dual - date ..
independent auditor's report but before the issuance of the related financial statements .
The auditor may use " dual dating ," for example , "Febru- ary 16, 20 __,.
issued financial statements , for example , in reports filed with regulatory. financial statements may need to be notified, and the CPA firm . Examples are for illustrative purposes only and not intended to establish any standards.
The Committee was asked to clarify whether IAS 10 permits only one date of authorisation for issue when considered in the context of reissuing previously issued financial statements in connection with an offering document.
The staff proceeded to provide background information and analysis on the issue raised in the submission and made a recommendation that the Committee should propose an amendment to IAS 10.
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In October 2012, the Committee received a request for guidance on the accounting implications of applying IAS 10 when previously issued financial statements are reissued in connection with an offering document.