CERTYNEX IFRS ACADEMY

Before its 2025 accounts are authorised, Neurgouël discovers two facts: the physical count at 31 December was inflated by a depot manager, and goods were stolen on 20 January 2026. Which treatment applies?

Adjust inventory for the manipulated count; do not adjust for the January theft.

Adjust for neither fact and simply disclose them in the 2025 notes.

Adjust for the theft only, the manipulation being a matter for internal disciplinary proceedings.

Adjust inventory for both facts, each discovered before the accounts are authorised.