As a General Rule, the Directors of a Large Proprietary

question 7

Multiple Choice

As a general rule, the directors of a large proprietary company that is a reporting entity:

• A)need not prepare any financial reports for that entity
• B)must ensure a financial report is prepared for that entity that gives a true and fair view only
• C)must ensure that a special purpose financial report is prepared for that entity that gives a true and fair view
• D)must ensure that a financial report is prepared, in accordance with AASB standards, that gives a true and fair view for that entity.

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Definitions:

Transgender

Describing an individual whose gender identity differs from the sex assigned at birth.

Sex

A biological characteristic defining male, female, and intersex based on reproductive anatomy and genetic composition.

Gender

encompasses the roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Oppositeness

The state or condition of being directly contrasting or completely different from something else.