What Caused the IASB to Increase the Required Disclosures Related

question 31

Multiple Choice

What caused the IASB to increase the required disclosures related to fair value measurements?

• A) AASB 13
• B) The Global Financial Crisis (GFC)
• C) Non-recurring fair value measurements
• D) IASB convergence

---

Definitions:

Health Maintenance Organizations

A type of health insurance plan that provides comprehensive health services to members for a fixed, prepaid fee, emphasizing preventative care.

Americans With Disabilities Act

U.S. civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

ADA

The Americans with Disabilities Act, a civil rights law that prohibits discrimination based on disability.

Social Security Act

A 1935 US law establishing a system of federal old-age benefits, and providing for unemployment insurance, disability insurance, and survivors' insurance.