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:

Multiple Identities

The concept that an individual can possess various identities based on their experiences, roles, and affiliations across different contexts and social groups.

Culturally-Informed Identities

Identities that are understood and shaped within the context of cultural backgrounds, acknowledging the influence of cultural norms and values.

Multicultural Therapies

Psychotherapy approaches that recognize and address the diverse cultural backgrounds of clients, incorporating cultural knowledge and sensitivity into treatment.

Identity Politics

An approach to politics or activism that focuses on issues relevant to various social and cultural identities, including race, gender, and sexuality.