CERTYNEX IFRS ACADEMY

On 10 February 2026, before the 2025 accounts are finalised, Drolbane discovers a computation error in its 2025 provisions. The accountant writes: 'We will correct it next year in the comparatives.' What is wrong with this reasoning?

It should have been corrected in the 2024 accounts.

A current period error discovered before authorisation for issue is corrected in that period's financial statements.

A computation error must never be corrected.

Nothing is wrong with the reasoning.