Which of the Following Is Not Correct Regarding the Provisions

Multiple Choice

Which of the following is not correct regarding the provisions of IAS No.8 on accounting changes and error corrections?

A) IAS No.8 requires that results from prior periods be presented for all changes in accounting principles.
B) IAS No.8 allows a change in accounting principle to be accounted for by reflecting the cumulative effect of the change in the income of the current period without restating prior-period results.
C) Under IAS No.8,the recommended approach for a change in accounting principle is that results from prior periods should be restated.
D) IAS No.8 requires a change in accounting estimate to be reflected in the current and future periods.