As set out in IAS 1/AASB 101, the following are general requirements that apply to annual reports except for:
A) A list of all the accounting standards followed must be included.
B) There must be a description of the entity's operations and its principal activities.
C) Comparative figures for the previous reporting period must be disclosed.
D) The reporting date or period covered by each financial statement must be included.

Question

Quizplus · Accepted Answer

While an annual report must include a description of the entity's operations and principal activities, comparative figures for the previous reporting period, and the reporting date or period covered by each financial statement, it is not a requirement to list all the accounting standards followed in the annual report. However, these should be disclosed in the notes to the financial statements.

As Set Out in IAS 1/AASB 101, the Following Are