In Adopting International Financial Reporting Standards (IFRSs),the Australian Accounting Standards

Multiple Choice

In adopting International Financial Reporting Standards (IFRSs) ,the Australian Accounting Standards Board (AASB) has:

A) embraced the IFRSs without change.
B) been disbanded as it is no longer required.
C) used the IFRSs only as a foundation for its own set of standards and has identified where these own standards do not comply with IFRSs.
D) issued its own standards and 're-badged' them as AASBs.