As a General Rule, the Directors of a Large Proprietary

Multiple Choice

As a general rule, the directors of a large proprietary company that is a reporting entity:

A) need not prepare any financial reports for that entity
B) must ensure a financial report is prepared for that entity that gives a true and fair view only
C) must ensure that a special purpose financial report is prepared for that entity that gives a true and fair view
D) must ensure that a financial report is prepared, in accordance with AASB standards, that gives a true and fair view for that entity.