CERTYNEX IFRS ACADEMY

The Morlis group holds 12 million of cash, of which 5 million in a subsidiary subject to strict exchange controls; its notes do not mention it. What is the error?

The 5 million must be excluded from cash in the statement.

The significant amount unavailable to the group is disclosed with management commentary.

There is no error, disclosure of blocked cash being merely encouraged by the standard.

The 5 million must be presented as investing.