Which of the Following Statements Is Correct About the Controversial

Multiple Choice

Which of the following statements is correct about the controversial issues surrounding AASB 8?

A) The management approach adopted in AASB 8 was argued to put preparers' needs ahead of users' needs.
B) Despite the objections from different parties, all IASB board members at the time unanimously agreed that AASB 8 should replace AASB 114.
C) The European Parliament was not able to endorse AASB 8 due to strong oppositions from European countries.
D) The proponents of AASB 114 argued that AASB 8 contains too many mandatory disclosure requirements compared to AASB 114.