Which of the Following Statements Is Correct

Which of the following statements is correct?

A) Contingent assets are only recorded when it is virtually certain that the benefits relating to the contingent assets will be received.
B) There is no guidance for self-insurance under IFRS.
C) Contingent assets are only recorded when it is reasonably certain that the benefits relating to the contingent assets will be received.
D) For companies that are self-insured, a provision must be established for events taking place prior to the reporting period if known.