QUESTION THREE ( 4 marks) Below is an extract of the disclosure requirements in the Accounting Standard AASB 137 Provisions, Contingent Liabilities and Contingent Assets. Disclosure Under paragraph 84 (d) the standard requires unused amounts of a provision (for example a Provision for Warranties) to be disclosed. Required Explain why reporting the past unused provisions (a) is informative for users of financial reports ( 1 mark) and (b) may give rise to an increase in the accuracy of future provisions ( 3 marks) QUESTION THREE ( 4 marks) Below is an extract of the disclosure requirements in the Accounting Standard AASB 137 Provisions, Contingent Liabilities and Contingent Assets. Disclosure Under paragraph 84 (d) the standard requires unused amounts of a provision (for example a Provision for Warranties) to be disclosed. Required Explain why reporting the past unused provisions (a) is informative for users of financial reports ( 1 mark) and (b) may give rise to an increase in the accuracy of future provisions ( 3 marks)