According to IFRS,comparative information on financial statements is:
A)Not required.
B)Required for publicly traded companies only.
C)Required for the preceding period only.
D)Required for the last five years.
E)Not required,but considered a hallmark for companies of excellence.

Question

Quizplus · Accepted Answer

IFRS requires that financial statements include comparative information for the preceding period to provide context and enhance the understanding of the current period's financial data.

According to IFRS,comparative Information on Financial Statements Is