Treatment of Errors as per Ind AS 8

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tion that: Was available at the time of approval of financial statements; Could be reasonably expected to have been obtained and taken into account. Example of Errors include Mathematical mistakes, Error of principle, fraud, oversight, misinterpretation of fraud. Treatment of Errors Potential error of current period or Immaterial prior period error Corrected in current .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nclude all information relevant to understand financial position performance during interim period. For changes in accounting policies, accounting estimates Errors, Assessment of materiality should be done in relation to interim period (not on the basis of annual period). - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxma .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X