What are adjusting events according to IAS 10?

Adjusting events, as defined by IAS 10, are events that indicate conditions that existed at the end of the reporting period. This means that if new information comes to light after the reporting period that reflects a situation or condition that was present at the reporting period's end, such events must be accounted for in the financial statements. These events can affect the accuracy of assets and liabilities, as well as the understanding of the entity's financial condition at that time.

For instance, if a company has a customer who defaults on a payment after the reporting period but the conditions leading to that default were already present, the company must adjust its financial statements to reflect that loss. Recognizing these events ensures that the financial statements present a true and fair view of the entity's financial position as of the reporting date.

The other options do not accurately capture the definition of adjusting events. Some reference events that arise after the reporting period or suggest that such events are unrelated to the company’s financial position, which diverges from the core concept of adjusting events in accordance with IAS 10.