Which of the following would not be considered a 'prior period error' for the purposes of AASB 108?
A) Mathematical mistakes.
B) Fraud.
C) Misinterpretations of fact.
D) Human error.
E) None of the given answers.

Question

Quizplus · Accepted Answer

AASB 108 defines prior period errors as omissions or misstatements in financial statements from one or more prior periods arising from a failure to use, or misuse of, reliable information. All the options A to D are examples of such errors, so none of them would be excluded from being considered a prior period error.

Which of the Following Would Not Be Considered a 'Prior