The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. By using the relevant knowledge from (i) NZ IAS 37 Provisions Contingent Liabilities Contingent Asset and (ii) NZ IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors, you are required to provide critical discussions of how the objective could be deviated if a business adopts NZ IASs/ NZ IFRSs to prepare its financial statements.