All of the following are ways in which simplified IFRS is less complex than full IFRS except which statement?
A)Topics that are not relevant for SMEs are omitted.
B)Simplified IFRS for SMEs allows fewer accounting policy choices.
C)Revisions to the IFRS for SMEs will be limited to once every five years.
D)Significantly fewer disclosures are required.

Question

Quizplus · Accepted Answer

Revisions to the IFRS for SMEs being limited to once every five years does not directly relate to the complexity of the standards themselves but rather to the frequency of updates.

All of the Following Are Ways in Which Simplified IFRS