There is often significant judgment involved in deciding whether an event is non-adjusting or adjusting.

Name: There is often significant judgment involved in deciding whether an event is non-adjusting or adjusting.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

The determination between non-adjusting and adjusting events requires significant judgment as it depends on whether the event provides evidence of conditions that existed at the balance sheet date (adjusting) or after the balance sheet date (non-adjusting).

There Is Often Significant Judgment Involved in Deciding Whether an Event