A disclosing entity is an entity that
A)discloses the basis on which their financial reports are prepared
B)issues securities that are quoted on a stock market or made available to the public via a prospectus
C)is exempt under the Corporations Act 2001 from applying the AASB accounting standards
D)is involved in the accounting standard setting process

Question

Quizplus · Accepted Answer

A disclosing entity is one that issues securities that are quoted on a stock market or made available to the public via a prospectus. This is in accordance with Section 111AC of the Corporations Act 2001.

A Disclosing Entity Is an Entity That