CERTYNEX IFRS ACADEMY

A junior auditor reviews the bridge from profit before financing and income taxes to profit for the year at Aulne SA. Which of the auditor's remarks is wrong?

Profit before income taxes is obtained by deducting the net financing expense from profit before financing and income taxes.

The income tax expense is deducted from profit before income taxes to move towards profit for the year.

The profit from discontinued operations is already included in operating profit and must not be added afterwards.

Profit for the year takes into account the result of discontinued operations, in their own category.