IAS 10 - Events After Reporting Date

Advice from a Successful Venture Capitalist

The office assistant wasthe boss’s man,spineless, and with no understanding. What about if he reported sick? But that would be extremely strained and suspicious as in fifteen years of service Gregor had never once yet been ill

His boss would certainly come round with the doctor from the medical insurance company, accuse his parents of having a lazy son, and accept the doctor’s recommendation not to make any claim as the doctor believed that no-one was ever ill but that many were workshy. And what’s more, would he have been entirely wrong in this case? Gregor did in fact, apart from excessive sleepiness after sleeping for so long, feel completely well and even felt much hungrier than usual.

He was still hurriedly thinking all this through, unable to decide to get out of the bed, when the clock struck quarter to seven. There was a cautious knock at the door near his head. Gregor, somebody called – it was his mother – it’s quarter to seven. Didn’t you want to go somewhere? That gentle voice, Gregor was shocked when he heard his own voice answering, it could hardly be recognised as the voice he had had before

• Gregor only needed to hear the visitor’s first words of greeting and he knew who it was the chief clerk himself.
• Why did Gregor have to be the only one condemned to work for a company where they immediately became highly suspicious at the slightest shortcoming