Under International Financial Reporting Standards (IFRS) supplementary information may be information that is high in relevance but low in reliability.

Question

Quizplus · Accepted Answer

According to IFRS, supplementary information may be presented if it enhances the understanding of the financial statements, but it may not meet the requirements for recognition in the financial statements, and hence may be low in reliability. However, it is still considered high in relevance.

Under International Financial Reporting Standards (IFRS) Supplementary Information May Be