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Hi Sir Mike!
I’ve read that material misstatement between other information and financial statement shall be addressed under ‘other information’ paragraph. Is this the same as Other Matter paragraph?
Also, can we capitalise decommissioning cost when the management ‘intends’ to decommission it? And therefore, not subject to IAS37?
Thanks!
Kyle“Is this the same as Other Matter paragraph?”
Yes
“… when the management ‘intends’ to decommission it?”
Have we, by our actions in the past, raised the valid expectation in the minds of those affected?
Have we created for ourselves a constructive obligation?
If there’s in fact no legal obligation, we may nevertheless be faced with a constructive obligation
OK?
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