CERTYNEX IFRS ACADEMY

In February, Vausade's bank refuses to renew its credit line; negotiations are under way. Management considers the going concern assumption still appropriate but acknowledges a material uncertainty, without saying anything about it in the notes. What is the error?

Omitting the disclosures about the material uncertainty related to going concern.

Keeping the going concern assumption while bank negotiations are still under way.

Not providing at 31 December for the amount of the credit line not renewed.

There is no error: the uncertainty arose after the reporting period.