Are liabilities arising due to revision of law with retrospective effect, passed after balance sheet date but before approval of accounts by the Board adjusting events under AS 4
Menu
Retrospective revision of law
Replies (1)
I don't think it is an adjusting event accordint to AS 4. Because there was no such information as on balance sheet date about new law which was enforced after balance sheet date. In the absence of condition or situation or intimation with respect to an event as on reporting date, then it can be said as "Adjusting Event".
Anyway wait for experts opinion.
Recent Topics :
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
Related Topics :
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
