Disclosures about Type 2 events require which information?

• A. Nature of the event
• B. Estimates of the financial impact, or a statement that the estimate cannot be made
• C. Date of the event
• D. Name of the event sponsor

Answer: (A)

Type 2 events are non-adjusting events that occur after the reporting period but before the statements are issued, and they require disclosures to inform readers about what happened. The essential piece to disclose is what happened—the nature of the event—so users understand the context and potential implications for future periods. While you may also provide an estimate of financial impact (or note if such an estimate cannot be made), the core requirement is a clear description of the event itself. Details like the exact date or sponsor name are not the primary focus of these disclosures.