In 20X5, a Consulting Entity Adopts IFRS with an Explicit

In 20X5, a consulting entity adopts IFRS with an explicit an unreserved statement of compliance. Because the financial statements are missing certain comparative figures, the auditor issues a qualified report. In 20X6, the entity corrects the error and receives an unqualified audit report. Which year is the consulting entity considered a first-time adopter?

A) 20X5
B) 20X6
C) The entity still does not meet certain criteria to be considered a first-time adopter.