The Untrue Statement Concerning AASB 1053 Is

Multiple Choice

The untrue statement concerning AASB 1053 is:

A) Its publication is meant to lessens the reporting burden on the majority of disclosing Australian entities
B) Entities classed as Tier 1 will have their financial disclosure requirements increased
C) Entities classed as Tier 2 will have their financial disclosure requirements in relation to the accounting standards reduced
D) In effect only publicly accountable entities will be required to report using full Australian accounting standards