Events that take place in between durations that needs to be reported to provide a genuine and reasonable view of a business. AKA post balance sheet occasions.
Material events that occur between the date of preparation of financial statements and the date of their approval by the management. Such events must be reflected in the financial statements of a firm, to comply with the requirement of giving a 'true and fair view' of its financial position. A non-material (non adjusting) but significant event may be disclosed in the notes (footnotes) to the financial statements. Also called post balance sheet events.