Optic Eyewear $($Pty$)$ Ltd is a provider of affordable eyecare to customers, including eye tests, spectacles, and sunglasses. During the June $2023$ financial year end the board of directors held a meeting where it was decided to change the accounting policy in respect of inventory valuation. Previously spectacles and sunglasses inventory were valued according to the weighted average method but should now be valued according to the first$-$in$-$first$-$out method. The new valuation method will ensure a more reliable value of inventory. The change in accounting policy has not yet been accounted for in the June $2023$ financial records.Below are the values of inventory based on the two valuation methods:First in first out method $2023=5200002022=4700002021=4400002020=430000$Weighted average method $2023=4700002022=4450002021=4310002020=415000$The South African Revenue Services will not re$-$open the previous years' assessments but will accept the new policy in respect of the current year for tax purposes.REQUIRED:Disclose the change in accounting policy note in the financial statements of Optic Eyewear $($Pty$)$ Ltd for the year ended $30$ June $2023$ to be in accordance with the international Financial Reporting Standards$\mathrm{.}16$ marks