When first issued, AASB 139 was:
A) More rule-based than other AASB standards
B) Less rule-based than other AASB standards
C) Wider in scope that other AASB standards
D) Narrower in scope that other AASB standards

Question

Quizplus · Accepted Answer

AASB 139, which deals with financial instruments, was more rule-based compared to other AASB standards, as it provided detailed guidance on the recognition and measurement of financial instruments.

When First Issued, AASB 139 Was