Which of These Are the Main Sources of Regulations Governing

question 13

Multiple Choice

Which of these are the main sources of regulations governing financial reporting in Australia?

• A) Government legislation, stock exchange listing rules, accounting standards and pronouncement of FAASB
• B) Accounting standards, conceptual framework, stock exchange listing rules
• C) The Corporations Act, the AASB, CLERP
• D) AASB, FRC, government legislation

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Definitions:

Sexist

Discriminating against people based on their sex, often holding stereotypes or prejudices towards a particular gender.

Cognitive Dissonance Theory

The idea that people have such distaste for perceiving inconsistencies in their beliefs, attitudes, and behavior that they will bias their own attitudes and beliefs to try to deny inconsistencies.

Attributional Ambiguity

A phenomenon whereby members of stigmatized groups often can be uncertain whether negative experiences are based on their own actions and abilities or are the result of prejudice.

Discrimination

Unequal treatment or prejudice against individuals on the basis of their membership in a particular group, negatively affecting their opportunities and well-being.