What Was the Piece of Legislation Called Which Intended for the Creation

question 5

Multiple Choice

What was the piece of legislation called which intended for the creation of a new, simplifi ed, statutory framework for tribunals?

• A) The Alternative Dispute Mechanism Reform Act 2008
• B) The Courts Reform Act 2006
• C) The Tribunals, Court and Enforcement Act 2007
• D) The Enforcement of Tribunals Act 2010
• E) The Judicial Courts Act 2005

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Definitions:

International Standards

These are agreements set by international organizations that dictate certain specifications, guidelines, or characteristics to ensure products, services, and systems are safe, reliable, and interchangeable worldwide.

IFRS

A collection of accounting principles formulated by the International Accounting Standards Board, known as International Financial Reporting Standards, that aid in the global creation of financial reports.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards used in financial reporting within the United States.

Proprietorships

A business structure where a single individual owns and runs the business, bearing unlimited liability for its debts and obligations.