The Purpose of the Reduced Disclosure Regime Due for Implementation

question 62

Multiple Choice

The purpose of the reduced disclosure regime due for implementation in 2013 is to:

• A)ensure that all entities reduce the volume of disclosure notes to the financial statements
• B)enable Tier 1 entities to reduce the volume of disclosure notes to the financial statements
• C)enable Tier 2 entities to reduce the volume of disclosure notes to the financial statements
• D)ensure that all entities reduce the number of financial statements produced

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Definitions:

Primary Mental Abilities

According to Thurstone, seven relatively distinct capabilities that singly or in combination are involved in all intellectual activities.

Charles Spearman

A British psychologist who contributed to the development of factor analysis and the concept of general intelligence, represented as the "g" factor.

Louis Thurstone

An influential psychologist best known for his contributions to psychometrics and the theory of multiple intelligences.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests that there are several types of intelligence that are distinct from each other.