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    Question

    With respect to AS 4 (relating to Contingencies and

    Events), which of the following statement is incorrect?
    A Contingencies in relation to obligations under the retirement benefits plans is excluded from the scope of this standard Correct Answer Incorrect Answer
    B Contingencies in relation to liabilities of life assurance and general insurance enterprises arising from policies issued is excluded from the scope of this standard Correct Answer Incorrect Answer
    C This standard deals with contingencies and events occurring before the balance sheet date Correct Answer Incorrect Answer
    D Contingencies in relation to commitments arising from long-term lease contracts is excluded from the scope of this standard Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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