Question
Which of the following statements is not correct? Select one: a. The IASB's Conceptual Framework identifies present and potential capital providers as a primary user
Which of the following statements is not correct?
Select one:
a. The IASB's Conceptual Framework identifies present and potential capital providers as a primary user group of general purpose financial reports.
b. All general purpose financial reports are prepared in accordance with accounting standards.
c. Requirements for special purpose financial reports are contained in AASB accounting standards.
d. SAC 1 Definition of the Reporting Entity defines a general purpose financial report as 'a report intended to meet the information needs of users who are unable to command the preparation of reports tailored to satisfy their information needs'.
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