Which of the following is not typically included in the notes to the financial statements?
A)all insignificant disclosures.
B)explanations of measuring bases used.
C)details of asset subclassifications.
D)confirmation that accounting standards have been adhered to.

Question

Quizplus · Accepted Answer

Notes to the financial statements typically include all significant disclosures, including those related to accounting policies, events after the reporting period, contingencies, and significant judgements and estimates. However, insignificant disclosures may not be included as they are not material to the financial statements. B, C, and D are typically included in the notes to the financial statements as they provide important information for stakeholders to better understand the financial position and performance of the company.

Which of the Following Is Not Typically Included in the Notes