Board’s report ‑ Whether events occurring after balance sheet date can be incorporated in directors’ report

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..... t Usually, an event occurring after the balance sheet date, which affects materially the solvency of the undertaking of the company or is otherwise of great importance to the shareholders, cannot be taken into account in drawing up the balance sheet or the profit and loss account. Professional bodies in advanced countries have recommended that such an event should be brought to the notice of th .....

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