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Question 10 1 pts The AASB has developed a set of accounting standards which, when applied,,allow entities to assert that their financial statements comply
Question 10 1 pts The AASB has developed a set of accounting standards which, when applied,,allow entities to assert that their financial statements comply with IASB standards. Which of the following is a way in which Australian standards remain different to international standards? I. The AASB has continued to issue accounting standards where no IASB equivalent exists, e.g. standards for non-profit entities. II. Some Australian standards require more information to be disclosed than the equivalent LASB standard. III. Australian standards contain, where applicable, extra paragraphs relevant to entities in the public and not-for-profit sectors. OI, II and III Ill only OI and II only OII and III only
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