Small Pty Ltd Is a Small Proprietary Company

question 14

Multiple Choice

Small Pty Ltd is a small proprietary company.When would Small Pty Ltd have to prepare an annual financial report?

• A)If requested by one of its shareholders to do so
• B)If requested by the ICAA or CPA Australia to do so
• C)If requested by the AASB to do so
• D)If requested by ASIC to do so

---

Definitions:

Test Reliability

The degree to which an assessment tool produces stable and consistent results.

Test Outcome Data

Quantitative or qualitative information resulting from the administration of tests, used to measure performance, ability, or aptitude.

Standardised

Modified to conform to a set norm or standard, often to ensure consistency and comparability across different instances or cases.

Time Limits

Fixed durations allocated for specific tasks or activities, beyond which certain actions may no longer be taken or conditions may change.