Whist judgement is required to distinguish between a reporting entity and a non-reporting entity, it is expected that a reporting entity will include:
I. government departments
II. small-medium proprietary companies
III. statutory authorities
IV. public companies
A) I and III only
B) II, III and IV
C) I, III and IV
D) II and IV

Question

Quizplus · Accepted Answer

Government departments, statutory authorities, and public companies are typically reporting entities. Small-medium proprietary companies may be exempt from reporting requirements depending on their size and other factors.

Whist Judgement Is Required to Distinguish Between a Reporting Entity