CERTYNEX IFRS ACADEMY

A contractor's invoice for work in December 2024, received on 20 January 2025, was mislaid; Mamenne's 2024 accounts were authorised on 15 March 2025. An assistant concludes: 'The invoice arrived after the reporting date, so its omission is not an error.' What is wrong?

Nothing: only the reporting date of 31 December 2024 matters.

The invoice relates to a change in estimate in 2025.

The invoice was available when the statements were authorised: its omission is an error.

The invoice should have been treated as a non-adjusting event after the reporting period.