Events after the reporting period are defined as those events, favorable and unfavorable, that occur between the end of the reporting period and the date when the financial statements are authorized for issue.

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Events after the reporting period (also known as post balance sheet events) are indeed those events, both favorable and unfavorable, that occur between the end of the reporting period and the date when the financial statements are authorized for issue, according to accounting standards such as IAS 10.

Events After the Reporting Period Are Defined as Those Events