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How do we disclose Director's remuneration that was omitted from the Financial Statements

When and why can we disclose it?

asked Mar 23, 2014 in IAS 1 - Presentation of Financial Statements by anonymous

1 Answer

0 votes
IAS 8.42 is clear about such error correction method:
"...an entity shall correct material prior period errors retrospectively in the first set of financial statements authorised for issue after their discovery by:
(a) restating the comparative amounts for the prior period(s) presented in which the error occurred; or
(b) if the error occurred before the earliest prior period presented, restating the opening balances of assets, liabilities and equity for the earliest prior period presented."
answered Mar 24, 2014 by Ema321 Level 2 Member (3,570 points)