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In delivering a speech, which part of your body is most expressive?
Adjusting Events
Events after the balance sheet date that provide further evidence of conditions that existed at the end of the reporting period, requiring adjustments to financial statements.
Non-Adjusting Events
Events after the reporting period that do not provide new information about conditions existing at the end of the reporting period.
AASB 108
The Australian Accounting Standards Board standard outlining the procedures for making accounting policy changes, correcting errors, and making estimates.
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