To Achieve Fair Presentation Consistent with Principles Set Out in the Conceptual

Multiple Choice

To achieve fair presentation consistent with principles set out in the Conceptual Framework, an entity may decide to choose not to comply with a particular IFRS:

A) Under no circumstances.
B) If a magistrate issues a ruling (a true and fair override) to do so.
C) Only in the extremely rare circumstance that management decides that compliance would present an unfair loss in the entity's current-year financial statements.
D) When the entity discloses the title of the IFRS and the related requirement from which it departed, the nature of the departure, and why the prescribed treatment would be misleading.
E) Two of the above.