For entities that have to prepare a financial report under the Corporations Act, that report must:
Show a true and fair view?
Comply with all AASB standards?
A)$\quad$ No
$\quad$$\quad$Yes
B)$\quad$ No
$\quad$$\quad$Maybe
C)$\quad$ Yes
$\quad$$\quad$Maybe
D)$\quad$ Yes
$\quad$$\quad$No

Question

For entities that have to prepare a financial report under the Corporations Act, that report must:
Show a true and fair view?
Comply with all AASB standards?
A)$\quad$ No
$\quad$$\quad$Yes
B)$\quad$ No 
$\quad$$\quad$Maybe
C)$\quad$ Yes 
$\quad$$\quad$Maybe
D)$\quad$ Yes 
$\quad$$\quad$No

Quizplus · Accepted Answer

Entities that have to prepare a financial report under the Corporations Act must comply with all AASB standards and show a true and fair view of their financial position and performance. Therefore, the correct answer is Yes, as C indicates.

For Entities That Have to Prepare a Financial Report Under \quad

For Entities That Have to Prepare a Financial Report Under $\quad$