The Only Body with the Power to Veto a Standard

question 46

Multiple Choice

The only body with the power to veto a standard recommended by the AASB is:

• A) The Financial Reporting Council.
• B) The Commonwealth Parliament.
• C) The Australian Accounting Standards Review Board.
• D) The Urgent Issues Group.
• E) None of the given answers.

---

Definitions:

Age Discrimination

Unfair treatment or bias against individuals based on their age, particularly in employment contexts.

Employment Act

Legislation that regulates labor conditions, including wages, working hours, and workplace safety.

Specialized Accommodations

Adaptations or modifications made to environments, tasks, or services to meet the unique needs of specific individuals, especially those with disabilities.

Mandatory Retirement

A policy requiring employees to retire at a specific age, regardless of their willingness or ability to continue working.