Which of the Following Statement Was Not Identified as a Benefit

question 28

Multiple Choice

Which of the following statement was not identified as a benefit of international harmonisation?

• A) It was likely to increase the comparability of financial reports prepared in different countries.
• B) It was likely to improve the quality of financial reporting in Australia to best international practice.
• C) It was likely to reduce the reporting costs for Australia's not-for-profit entities and local governments.
• D) It was likely to allow more meaningful comparisons of the financial performance and financial position of Australian and foreign public sector reporting entities.