Yes – if it is impracticable to restate the error retrospectively, it could be applied in a limited way retrospectively (i.e. only adjust opening retained earnings) or, if that is not practicable, it would be applied prospectively.
Yes – if it is impracticable to restate the error retrospectively, it could be applied in a limited way retrospectively (i.e. only adjust opening retained earnings) or, if that is not practicable, it would be applied prospectively.