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The FRC has issued an edict to the AASB requiring that all Australian Accounting standards be 'sector neutral'. This puts Australian standards 'out of
The FRC has issued an edict to the AASB requiring that all Australian Accounting standards be 'sector neutral'. This puts Australian standards 'out of step' with most other jurisdictions. (a) Discuss the rationale for this approach. (b) Discuss the advantages and disadvantages of this approach. (c) Identify and discuss some of the practical problems created by this approach. (3-3-4 = 10 Marks)
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a The rationale behind the edict from the Financial Reporting Council FRC to the Australian Accounting Standards Board AASB to make Australian accounting standards sector neutral is likely driven by t...
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
