CERTYNEX IFRS ACADEMY

In 2025, Fargane discovers that an employee had recorded material fictitious receivables in 2024 to hide a misappropriation. Which treatment applies in the 2025 financial statements?

Recognise a loss in 2025 profit for the year of discovery.

Wait for the outcome of the criminal proceedings before any correction.

Correct the error in the 2024 comparative information.

Mention the fraud in the notes without correcting the comparative amounts, already issued.