Under IFRS, is there any exception when one does not have to correct an error retrospectively?

Under IFRS, is there any exception when one does not have to correct an error retrospectively?

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.

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