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| Date Submitted | 18-Jul-10 |
|---|---|
| Category | Financial Accounting & Reporting |
| Heading | Impairment Recognition |
| Question | Hi, If an even occurs after balance date and the conditions existed prior to balance date (adjusting event), is impairment recognised as at balance date? |
| Answer | Yes, if subsequent event indicates that impairment already existed at balance date then it should be adjusted. |