ias 8 correction of material prior period errors

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August 30, 2018 at 6:00 pm #470202

s9mph9w5
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how to correct an error if tax authorities do not allow prior tax re assessments to be re opened

August 30, 2018 at 9:23 pm #470219

P2-D2
Keymaster

Hi,

In FR we do not need to concern ourselves with what the tax authorities do with the error that we’ve made. We just need to be able to correct the material error retrospectively under IAS 8.

Thanks
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