Which of the following statements about a departure from IFRS is correct?

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Humaid Alsuqri
20-March-2014

A. Departure is never permitted.

B. Departure is permitted when the financial statement would be unfairly presented because of compliance with IFRS.

C. Departure is permitted when management and the external auditor agree on the departure.

D. Departure is permitted when the disclosure of the adopted accounting policy is detailed in the notes.

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Question ajoutée par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date de publication: 2015/06/08

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par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option B is the right answer.

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lakshminarasimham mallareddi

par lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct answer is A. Departure is never permitted in IFRS

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par Dawood Shahid , Senior Consultant , Grant Thornton Pakistan

B. Departure is permitted when the financial statement would be unfairly presented because of compliance with IFRS.

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