The Statement Concerning the Conceptual Framework That Is Not True

Multiple Choice

The statement concerning the Conceptual Framework that is not true is:

A) It is a legal requirement that all entities comply with the New Zealand Framework.
B) It has a significant influence on new accounting standards and on the revision of existing standards.
C) It represents a logical, theoretical structure to support and direct accounting practice.
D) The FRSB is now using the International Framework which it has called the New Zealand Framework.