The Australian Accounting Standards Board (AASB)issues only one set of accounting standards which have general applicability to the private,public and not-for-profit sectors.

Name: The Australian Accounting Standards Board (AASB)issues only one set of accounting standards which have general applicability to the private,public and not-for-profit sectors.
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The AASB issues one set of accounting standards which are applicable to all sectors - private, public, and not-for-profit.

The Australian Accounting Standards Board (AASB)issues Only One Set of Accounting