CERTYNEX IFRS ACADEMY

Trivane's finance director wants the correction of a 2023 error to appear in 2025 profit, the year of discovery. What does IAS 8 require?

The correction may be spread between 2025 and the following years.

The correction is recognised in 2025 other comprehensive income.

The correction is excluded from profit of the period in which the error is discovered.

The correction must be presented in 2025 profit, on a separate line.