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  2. Topic
    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 1: An Overview of the Australian 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 2

Question 2

True/False

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

Correct Answer:

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