CERTYNEX IFRS ACADEMY

Under IAS 10's reference to IAS 1 (wording before IFRS 18), in which situations are going concern disclosures required?

When management is aware of material uncertainties about going concern, including ones arising after the reporting period.

Only when the auditor issues a qualified opinion.

Only for listed entities.

When the financial statements are not prepared on a going concern basis.

Whenever profit for the year is lower than the previous year's.