CERTYNEX IFRS ACADEMY

The Isparo group, affected by Pillar Two legislation enacted but not yet in effect, has no known or reasonably estimable information about its exposure at the reporting date. What does it do?

It says nothing, for lack of a figure.

It states this fact and discloses its progress in assessing the exposure.

It publishes a flat-rate estimate equal to 15% of its profit.

It recognises a prudent deferred tax liability pending the assessment.