If the Preparers of the Financial Statements Conclude That Compliance

Multiple Choice

If the preparers of the financial statements conclude that compliance with the accounting and reporting standards issued by the ASB and IASB (the Board) is insufficient to provide a true and fair view of the accounts what should they do?

A) Provide sufficient additional disclosures to provide a true and fair view.
B) Ask the auditor to provide an alternative accounting approach.
C) Determine their own accounting approach.
D) Revert to UK GAAP to determine the correct accounting.