Question 3 Which one of the following is correct regarding interim financial reports in accordance with IAS 34? IAS 34 prohibit or discourage an entity from including in condensed interim financial statements more than the minimum line items or selected explanatory notes Condensed financial statements need to include, at a minimum, each of the headings and subtotals that were included in its most recent annual financial statements and the selected explanatory notes as required by IAS 34 IAS 34 prohibit or discourage an entity from publishing a complete set of financial statements in its interim financial report, rather than condensed financial statements and selected explanatory notes