CERTYNEX IFRS ACADEMY

At 31 December, Zorgouël discloses a contingent liability for a customer claim. In February, the court-appointed expert puts the claim at three times the amount, the outflow remaining unlikely. The note is left unchanged. What is the error?

Failing to update the disclosure about the contingent liability.

Not postponing issue of the accounts until judgment.

Disclosing the contingent liability instead of ignoring it.

Not recognising a provision at 31 December for the amount set by the court-appointed expert.