CERTYNEX IFRS ACADEMY

Vuscia remeasures its deferred taxes at 31 December at the new rate announced by the government in January, and gives no disclosure of the change. What is the error?

There is no error: the new rate is known before authorisation.

Using the new rate for deferred tax assets only.

Treating a rate change announced after the reporting period as an adjusting event.

Not also remeasuring current tax for the year just ended at the new rate.