Which of these Australian accounting standards has no IASB equivalent?
A) AASB101 Presentation of Financial Statements
B) AASB 110 Events After the Reporting Period
C) AASB 1031 Materiality
D) AASB 136 Impairment of Assets

Question

Quizplus · Accepted Answer

AASB 1031 Materiality has no IASB equivalent. AASB 101, AASB 110, and AASB 136 all have equivalent International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

Which of These Australian Accounting Standards Has No IASB Equivalent