Which of AASB 1023's Requirements Has Received the Main Criticism

question 33

Multiple Choice

Which of AASB 1023's requirements has received the main criticism?

• A) the prohibition against netting reinsurance receivables against claims liabilities.
• B) the requirement to mark investments to market and reflect the changes in the statement of comprehensive income.
• C) the requirement to report premium revenues gross.
• D) the requirement to discount future claim liabilities at the market-determined, risk-adjusted discount rate for the entity.

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Definitions:

Maladaptive

Behaviors or actions that are counterproductive to one's own welfare or well-being.

Medical Model

A framework for understanding illnesses and disorders through biological causes that can be treated within the healthcare system.

Abnormal Behaviour

Actions or behaviors that deviate significantly from what is considered typical or normal within a given culture or society.

Biological Factors

Natural physiological and genetic influences on human behavior and health.