Both IFRS and GAAP require disclosure about
A) accounting policies followed.
B) judgements that management has made in the process of applying the entity's accounting policies.
C) the key assumptions and estimation uncertainty.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Both IFRS and GAAP require disclosure about accounting policies followed, judgements that management has made in the process of applying the entity's accounting policies, and the key assumptions and estimation uncertainty, making option D the correct answer.

Both IFRS and GAAP Require Disclosure About