CERTYNEX IFRS ACADEMY

A group's notes give, for financial liabilities at amortised cost whose fair value is disclosed, only the fair value amount. What is the error?

The notes omit the level of the hierarchy and, for Levels 2 and 3, the techniques and inputs used.

The fair value is wrongly disclosed: only items measured at fair value in the balance sheet are concerned.

The information is complete: the hierarchy level is never required for an item at amortised cost.

The amount should have been replaced by the amortised cost, fair value not being required for these liabilities.