The original version of IAS 32 Financial Instruments: Disclosure and Presentation was published in March 1996.Select one:TrueFalse

The statement is True.

The original version of IAS 32 (International Accounting Standard 32), which deals with the presentation and disclosure of financial instruments, was indeed published in March 1996. This standard is crucial as it established the framework for how entities should classify and present financial instruments in financial statements. It aimed to ensure that users of financial statements could understand the potential risks and rewards of financial instruments that an entity holds. Over the years, IAS 32 has been subject to amendments and updates to reflect changing practices in financial reporting and the evolution of financial markets, ensuring that the standards remain relevant and applied effectively in the ever-evolving landscape of financial instruments.