ACCOUNTING FOR A CHANGE IN ACCOUNTING POLICY

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February 26, 2013 at 1:43 am #118745
rania
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In accounting for a change in accounting policy why COMPARATIVE INFORMATION SHOULD BE RESTATED??
February 26, 2013 at 2:03 pm #118770
danielglover
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To enhance the usefulness of the financial statements. Comparability is in the enhancing section of the qualitative characteristics of useful financial statements.
March 3, 2013 at 2:36 pm #119069
MikeLittle
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Because that’s what IAS8 says
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