Ind AS 8 - Errors vis a vis AS 5 - Prior period items

Nikita Aggarwal , Last updated: 04 January 2021  
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Under AS 5 considering the errors arereported as prior period adjustment in the financial statements of the period in which such misstatements were discovered i.e. previous years financial statements were not restated and therefore, it leads to a lack of understanding by the users of the revised fin

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Nikita Aggarwal
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