The AASB Standards 1-99 Series includes those standards:
A) where the standard has been developed for domestic application and relates specifically to the public or not-for-profit sectors.
B) where a standard equivalent to an existing or improved IAS is issued, with the number being used by the IASB being the same as that being used by the AASB (e.g. IAS 1 will be AASB 1).
C) where a standard equivalent to an existing or improved IAS is issued, with the number being used by the AASB 100 on from that being used by the IASB(e.g. IAS 1 will be AASB 101).
D) where a new IFRS has been issued by the IASB, with the number being used by the IASB being the same as that being used by the AASB(e.g. IFRS 1 will be AASB 1).

Question

The AASB Standards 1-99 Series includes those standards:
A) where the standard has been developed for domestic application and relates specifically to the public or not-for-profit sectors.
B) where a standard equivalent to an existing or improved IAS is issued, with the number being used by the IASB being the same as that being used by the AASB (e.g. IAS 1 will be AASB 1).  
C) where a standard equivalent to an existing or improved IAS is issued, with the number being used by the AASB 100 on from that being used by the IASB(e.g. IAS 1 will be AASB 101). 
D) where a new IFRS has been issued by the IASB, with the number being used by the IASB being the same as that being used by the AASB(e.g. IFRS 1 will be AASB 1).

Quizplus · Accepted Answer

The Answer of The AASB Standards 1-99 Series includes those standards:
A) where the standard has been developed for domestic application and relates specifically to the public or not-for-profit sectors.
B) where a standard equivalent to an existing or improved IAS is issued, with the number being used by the IASB being the same as that being used by the AASB (e.g. IAS 1 will be AASB 1).  
C) where a standard equivalent to an existing or improved IAS is issued, with the number being used by the AASB 100 on from that being used by the IASB(e.g. IAS 1 will be AASB 101). 
D) where a new IFRS has been issued by the IASB, with the number being used by the IASB being the same as that being used by the AASB(e.g. IFRS 1 will be AASB 1).

The AASB Standards 1-99 Series Includes Those Standards