If the Omission,misstatement or Non- Disclosure of Information Could Have

question 28

Multiple Choice

If the omission,misstatement or non- disclosure of information could have the potential,individually or collectively,to influence decisions by users taken on the basis of the financial report,the information is defined by AASB 1031 as being:

• A)important
• B)significant
• C)material
• D)none of the above

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Definitions:

Medical Problems

Health issues or conditions that require professional diagnosis and treatment.

Allele

One of two or more alternative forms of a gene that are found at the same place on a chromosome and are responsible for variations in inherited characteristics.

X-Linked Recessive Trait

A genetic condition that is passed down through the X chromosome, where males are more frequently affected because they only have one X chromosome.

Blood Clotting

A physiological process where blood changes from a liquid to a gel, forming a clot to prevent bleeding.