Question
Which of the following statements about IFRS is true ? A) IFRS is more rule-based than pre-IFRS GAAP. B) IFRS reduces the number of management
Which of the following statements about IFRS is true?
A) IFRS is more rule-based than pre-IFRS GAAP.
B) IFRS reduces the number of management estimates that can be used.
C) IFRS requires more judgement in selecting appropriate accounting policies than under pre-IFRS GAAP.
D) IFRS does not require as strong an accounting infrastructure as under pre-IFRS GAAP.
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
