CERTYNEX IFRS ACADEMY

After analysis, Nimède's accounting team cannot tell whether a change is a change in policy or a change in estimate. What does IAS 8 require?

The entity freely chooses the treatment most favourable to its profit.

The change is treated as a change in policy, for prudence, with comparatives restated.

The change is treated as a change in accounting estimate.

The change is deferred until the classification is certain.