CERTYNEX IFRS ACADEMY

Quaimys reduces its listed investments at 31 December to their value at the authorisation date, after a market fall in February. What is the error?

Not also restating the prior-year comparatives with February values.

Not taking the fall to equity rather than profit.

Not waiting until the end of the following year to recognise the fall.

Adjusting for a fall that reflects circumstances after the reporting date.