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What Option(s)does a Company Have When Directors Are of the View

Question 11

Multiple Choice

What option(s) does a company have when directors are of the view that compliance with accounting standards does not generate a true and fair view financial statements?


A) Directors may elect not to comply with the standard.
B) Directors may exercise the "true and fair view override".
C) Directors may provide additional information to this effect in the notes to the accounts.
D) All of the given answers.
E) Directors may elect not to comply with the standard and Directors may provide additional information to this effect in the notes to the accounts.

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