Disclosure of the date that financial statements are authorized for issue is
A)mandatory if the company follows private entity GAAP
B)mandatory if the company follows IFRS
C)mandatory under either private entity GAAP or IFRS
D)None of these

Question

Quizplus · Accepted Answer

Under IFRS, it is mandatory to disclose the date when the financial statements are authorized for issue. This is not a requirement under private entity GAAP.

Disclosure of the Date That Financial Statements Are Authorized for Issue