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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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