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:

Evaluates

The process of assessing or determining the value, significance, or condition of something, often for the purpose of making decisions or drawing conclusions.

Escalation of Commitment

Is a pattern of behavior in which an individual or group continues to invest in a decision despite evidence of its ineffectiveness or the likelihood of negative outcomes.

Perceptual Defense

The psychological mechanism by which individuals protect themselves from information or stimuli perceived as threatening.

Decision Maker

An individual or group responsible for making choices that will impact the organization.