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I the Law Requires the Disclosure and Presentation Requirements for General

Question 3

Essay

i. The law requires the disclosure and presentation requirements for General Purpose Financial Reports outlined by the AASB. Which financial statements are required by these accounting standards?
ii. Which other major piece of legislation outlines the scope of the contents of a financial report?
iii. Identify one requirement of this piece of legislation with regards to each of the following:
-the notes to the financial statements, and
-the director's declaration.

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