In Recent Times,the AASB Has Been Reluctant to Include Alternative

question 59

Multiple Choice

In recent times,the AASB has been reluctant to include alternative options within standards.This means:

• A) Entities within Australia will have the choice as to whether or not they choose to meet the requirements detailed in accounting standards.
• B) The number of options within IFRS-adopted accounting standards is expected to be restricted, although compliance with the AASB standard will mean compliance with the IASB standard.
• C) The number of options within IFRS-adopted accounting standards is expected to be restricted, which means that compliance with the AASB standard will not automatically mean compliance with the IASB standard.
• D) The AASB is in direct conflict with the aims of the Financial Reporting Council in relation to international harmonisation.

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Definitions:

United Parcel Service

A multinational package delivery and supply chain management company, commonly known by the acronym UPS.

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Behavioral change involves modifying or completely altering an individual's actions or reactions to meet certain objectives or improve well-being.

Undesirable Behavior

Actions or conduct that are considered inappropriate, unacceptable or harmful by societal or organizational standards.

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The response or behavior of a leader in response to a specific situation, challenge, or feedback.