IAS 10 - Events After the Reporting Period is a standard developed by the International Accounting Standards Board (IASB), which provides guidance on how to account for and disclose events that occur after the reporting period's end but before the financial statements' publication. These events are categorized into adjusting and non-adjusting events. Adjusting events provide evidence of conditions that existed at the reporting period's end, such as the settlement of a claim or new information about impairments, and thus require adjustments to the reported figures. Non-adjusting events are indicative of conditions that arose after the reporting period, such as a natural disaster causing significant asset destruction, and do not affect the reported amounts but may require disclosure. For instance, if a company learns in January that a customer declared bankruptcy in December but the financial statement for the previous year is not issued yet, it must adjust its accounts receivable balance to reflect the loss because the bankruptcy indicates a December-ending condition. This standard ensures that financial statements are relevant and faithfully representable.