IFRS requires that
A)all companies that issue an annual report should issue interim financial reports.
B)the integral view is the most appropriate approach to take in preparing interim financial reports.
C)the three basic financial statements should be presented each time an interim period is reported upon.
D)the same accounting principles used for the annual report should be employed for interim reports.

Question

Quizplus · Accepted Answer

IFRS requires that the same accounting principles used for the annual report should be employed for interim reports to ensure consistency and comparability.

IFRS Requires That