Under IPSAS 3, how should changes in accounting policies be accounted for

date：2026-01-08 16:55:25 author：admin browse： time View comments Add Collection

Under IPSAS 3, how should changes in accounting policies be accounted for

Under IPSAS 3, how should changes in accounting policies be accounted for?

    A) Prospectively

    B) Retrospectively

    C) Current year only

    D) Not accounted for

    Answer: B

    Explanation: IPSAS 3 requires changes in accounting policies to be applied retrospectively unless impracticable.