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  • Writer's pictureThomas Tsang

Subsequent event for next financial year

In the case when we issue a financial statements on a date after the next financial year end. There may be an event happened after the next financial year end date. Such event is a subsequent event to next financial year end which the report not yet issue.


The framework of the FRS is not issued for such back year report preparation and issuance.

Thus, it is not to account for an event happened after the next financial year as it is a subsequent event to next financial year end which not yet issue.


There is no FRS on the above matter. It is a judgement of the preparer.

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