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    Business
  3. Study Set
    Financial Accounting and Reporting
  4. Exam
    Exam 1: An Overview of the International External Reporting Environment
  5. Question
    Directors Could Elect Not to Comply with an Accounting Standard
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Directors Could Elect Not to Comply with an Accounting Standard

Question 8

Question 8

True/False

Directors could elect not to comply with an accounting standard on the grounds that applying the particular accounting standard would cause the financial statements not to present a 'true and fair view'.

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