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    Australian Financial Accounting
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    Exam 16: The Statement of Comprehensive Income and Statement of Changes in Equity
  5. Question
    AASB 108 Requires All Errors That Relate to Prior Reporting
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AASB 108 Requires All Errors That Relate to Prior Reporting

Question 33

Question 33

True/False

AASB 108 requires all errors that relate to prior reporting periods to be corrected by adjusting the opening balance of retained earnings and restating comparative information.

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