alleryStart learning →Which of these is expressly listed among the causes of prior period errors?
ARevision of a useful life
BFraud by an employee
CChange in interest rates
DNew data on bad debts
Answer & Solution
Correct answer: B. Fraud by an employee
Ind AS 8 says errors include mathematical mistakes, misapplied policies, oversights or misreading of facts, and fraud.
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