Which Statement Concerning the Urgent Issues Group (UIG) Is Untrue

question 57

Multiple Choice

Which statement concerning the Urgent Issues Group (UIG) is untrue?

• A) It was established to give a quick solution to problems that confront accounting practitioners.
• B) It was dissolved in 2012.
• C) It issued draft accounting standards.
• D) The publication dealing with the GST has been retained and issued by the AASB.

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Definitions:

Splice

The process of joining two pieces of DNA or RNA together by enzymatic or mechanical means.

Introns

Non-coding sequences of DNA within genes that are removed during mRNA processing before translation into proteins.

Signal-Recognition Particle RNA

See signal-recognition particle (SRP).

Ribosome-mRNA-Polypeptide Complex

A molecular assembly that includes a ribosome, messenger RNA (mRNA), and the newly forming polypeptide chain during protein synthesis.