CERTYNEX IFRS ACADEMY

An IT failure permanently erased Clurnade's 2023 data; the 2024 data are complete. Clurnade presents 2025 and 2024 and changes policy in 2025. Which treatment applies?

Apply the new policy from 1 January 2025 only, keeping the 2024 comparatives as published.

Apply the new policy to carrying amounts at 1 January 2024, adjust equity at that date and restate 2024.

Give up the change in policy.

Estimate the 2023 data using information available in 2025.