In the case where financial statements of parent entity or the ultimate controlling entity are not made publicly available, the reporting entity must disclose:
A) the name of the entity's largest shareholder;
B) the name of the next most senior parent entity whose financial statements are publicly available;
C) the reason of why the parent entity does not make its financial statements publicly available;
D) the level of share ownership of the next most senior parent entity.

Question

Quizplus · Accepted Answer

The correct answer is B) the name of the next most senior parent entity whose financial statements are publicly available. This disclosure helps users of the financial statements understand the financial context of the reporting entity within its group structure, even if the ultimate parent's financial statements are not available.

In the Case Where Financial Statements of Parent Entity or the Ultimate