Which of the Following Statements in Relation to IAS 19/AASB

Multiple Choice

Which of the following statements in relation to IAS 19/AASB 119 Employee Benefits is not true?

A) Employee benefits include wages and salaries, non-monetary fringe benefits, annual leave and superannuation.
B) The controls that need to be provided when operating a payroll system are outlined.
C) The principles for recognition of employee benefits as expenses or liabilities are consistent with those in the Conceptual Framework.
D) Wages and salaries, annual leave and sick leave are to be reported at their nominal amounts.