All of the Following Are Reasons That the Amount of Disclosure

question 61

Multiple Choice

All of the following are reasons that the amount of disclosure provisions issued by the IASB has increased in the last 10 years except?

• A)There has been greater complexity of the business environment.
• B)There has greater necessity for timely information.
• C)Accounting has become more important as a control and monitoring device.
• D)More disclosure mean lower costs for companies.

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Definitions:

Defence Mechanism

Subconscious methods employed to safeguard someone from the anxiety that stems from impermissible sentiments or thoughts.

Reaction Formation

A defense mechanism where an individual unconsciously replaces an anxiety-producing or unacceptable thought or feeling with its opposite.

Unrealistic Amounts

Quantities or levels that are not achievable or practical based on current conditions, capacities, or resources.

Psychodynamic Theory

An approach in psychology that emphasizes systematic study of the psychological forces underlying human behavior, feelings, and emotions and how they might relate to early experience.