16. How does an SME account for events after the reporting period that provide evidence of conditions that existed at the end of the reporting period? a. As adjusting events after the end of the...

16. How does an SME account for events after the reporting period that provide evidence of conditions that existed at the end of the reporting period?

a. As adjusting events after the end of the reporting period.

b. As disclosures only in the notes.

c. Either a or b as an accounting policy choice.

d. None of these. The PFRS for SMEs does not require SMEs to identify and account for events after the reporting period.