PART B:

PLEASE NOTE: Copying directly from the textbook, slides, etc. is not acceptable. You should answer all questions demonstrating your understanding and comprehension.

This part consists of Four (4) compulsory short answer questions.

Do not use IRAC. Just describe or explain the term/rule.

Question:

Explain why disclosure by companies is required, what is its purpose?

(You MUST support your answer by using relevant sections of the Corporations Act 2001 and cases where applicable). (Approx. 70 Words) (5 marks)