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Are we required to present prior period adjustments in accounts as per IFRS? If so how do we present this info?
in IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors by
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There is no specific requirement to identify on the face of the financial statements whether there have been adjustments made to the amounts disclosed in the prior period financial statements. IAS 8 requires details to be given only in the notes.
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