Under IFRS, the retrospective approach should not be used if: a.    retrospective application requires assumptions about management's intent in a prior period. b.    the company does not have trained staff to perform the analysis. c.    the effects of the change have counterbalanced. d.    the effects of the change have not counterbalanced.

Question

Under IFRS, the retrospective approach should not be used if:

a.    retrospective application requires assumptions about management's intent in a prior period.

b.    the company does not have trained staff to perform the analysis.

c.    the effects of the change have counterbalanced.

d.    the effects of the change have not counterbalanced.

 

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