Timing of accrual of audit fees under IFRS
Timing of accrual of audit fees under IFRS
Background information
Entity prepares its financial statements under IFRS for the year ended 31 Dec 20X0. In Jan 20X1 it signs engagement letter with an auditor for the audit of those financial statements. The audit will commence and end in the year 20X1.
Question
Should the audit fee be accrued at …