Australian Accounting Standards currently allow entities to value some assets at cost and other assets in the same balance sheet at fair value. This means that the Australian Accounting Standards Board has:

A) Ensured that the financial statements of multiple firms are easily comparable

B) Created a situation where the amount of total assets shown in a financial statement is neither the total cost of all assets nor their fair value assessments

C) Forced entities to accurately reflect their true financial position at any point in time

D) Specified the account treatment for each type of asset in the Australian Accounting Standards

E) C and D

F) None of the above