Subsequent event Type 1: customer bankruptcy provides AR adjustment
Major customer files for bankruptcy after balance-sheet date providing evidence of AR collectibility issues that existed at year-end. ISA 560 Type-1 adjusting event.
- Expected outcome
- see narrative
- Procedures
- 0
- Standard refs
- 0
- Catalog version
- 0.14
Major customer files for bankruptcy after balance-sheet date providing evidence of AR collectibility issues that existed at year-end. ISA 560 Type-1 adjusting event.