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

Question

Quizplus · Accepted Answer

While IAS 1/AASB 101 requires many general requirements for annual reports, including a description of the entity's operations, disclosure of comparative figures, and inclusion of reporting dates, it does not require a list of all the accounting standards followed. However, the financial statements should disclose compliance with IFRSs/AASBs.

As Set Out in IAS 1/AASB 101, All of These