CERTYNEX IFRS ACADEMY

Vryrvorn's note reads: 'A fire destroyed our main warehouse in February.' No further detail is given, although the event is material. What is the error?

The absence of an estimate of the financial effect or of a statement that it cannot be estimated.

The mention of the fire, which should have been replaced by a loss recognised at 31 December.

There is no error: the nature of the event is enough.

The description of the fire, which should have remained confidential until the assessment.