Which statement concerning the Urgent Issues Group (UIG) is untrue?
A) It was established to give a quick solution to problems that confront accounting practitioners.
B) It was dissolved in 2012.
C) It issued draft accounting standards.
D) The publication dealing with the GST has been retained and issued by the AASB.
Correct Answer:
Verified
Q1: Which of these is a fundamental purpose
Q3: The accounting standard setting body in the
Q4: In 2009 which group was set-up in
Q5: An entity where it is reasonable to
Q6: Which of these has not been a
Q7: Select the incorrect statement concerning accounting standards.
A)
Q8: In relation to the conceptual framework, SAC
Q9: The major reason for the existence of
Q10: Though the AASB has developed a set
Q11: GAAP stands for:
A) generally accepted accounting principles.
B)
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