The Statement Concerning the Urgent Issues Group UIG)which Is Untrue

question 32

Multiple Choice

The statement concerning the Urgent Issues Group UIG) which is untrue is:

• A)It was established to give a quick solution to problems that confront accounting practitioners
• B)It was dissolved in 2006
• C)It issued draft accounting standards
• D)The publication dealing with the GST has been retained and issued by the AASB

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Definitions:

Political Conditions

The state of the political environment in a country, including stability, governance quality, and policy directions.

Wagner Act

Also known as the National Labor Relations Act of 1935, it established rights for workers to form unions and engage in collective bargaining in the United States.

Unionized Business

A business where its workers are members of a union, which represents their interests in negotiations with management over wages, benefits, and working conditions.

NLRB

The National Labor Relations Board, a US federal agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.