Consistent with both IAS 34 and IAS 8, a change in accounting policy should be applied by
A) Applying it to the current period only
B) Applying it to the current period and retrospectively restating the interim financial statements of the prior interim periods at least one fiscal year prior.
C) Applying it to the current period and retrospectively restating the interim financial statements of the prior interim periods at least two fiscal years prior.
D) Applying it to the current period and the prior periods of the current financial year, and the comparable interim periods of all prior financial years.

Question

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The Answer of Consistent with both IAS 34 and IAS 8, a change in accounting policy should be applied by
A) Applying it to the current period only
B) Applying it to the current period and retrospectively restating the interim financial statements of the prior interim periods at least one fiscal year prior.
C) Applying it to the current period and retrospectively restating the interim financial statements of the prior interim periods at least two fiscal years prior.
D) Applying it to the current period and the prior periods of the current financial year, and the comparable interim periods of all prior financial years.

Consistent with Both IAS 34 and IAS 8, a Change