The Untrue Statement Concerning AASB 1053 Is

question 24

Multiple Choice

The untrue statement concerning AASB 1053 is:

• A)Its publication is meant to lessens the reporting burden on the majority of disclosing Australian entities
• B)Entities classed as Tier 1 will have their financial disclosure requirements increased
• C)Entities classed as Tier 2 will have their financial disclosure requirements in relation to the accounting standards reduced
• D)In effect only publicly accountable entities will be required to report using full Australian accounting standards

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