Which of the statements is correct in relation to the requirements set out by IAS 1 Presentation of Financial Statements? A. IAS 1 requires that an entity prepare its financial statements, except for cash flow information, using the accrual basis of accounting. B. There is no need to assume that the entity is a going concern when preparing financial statements. O C. IAS 1 does not require the comparative information to be disclosed in respect of the previous period for all amounts reported in the financial statements. OD. Assets and liabilities, and income and expenses, may be offset