A disclosing entity is an entity that:
A) discloses the basis on which their financial reports are prepared.
B) is exempt under the Corporations Act 2001 from applying the AASB accounting standards.
C) is involved in the accounting standard-setting process.
D) issues securities that are quoted on a stock market or made available to the public via a prospectus.

Question

Quizplus · Accepted Answer

A disclosing entity is an entity that issues securities that are quoted on a stock market or made available to the public via a prospectus, as per the definition under the Corporations Act 2001. The other options do not generally define a disclosing entity.

A Disclosing Entity Is an Entity That