Entity A is a medium-sized insurance entity. Entity A is not publicly accountable, and it operates in a country that requires international accounting standards. Which standard should Entity A use to create its financial reports?
A) Full IFRS
B) IFRS for SME's
C) Neither A or B

Question

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The Answer of Entity A is a medium-sized insurance entity. Entity A is not publicly accountable, and it operates in a country that requires international accounting standards. Which standard should Entity A use to create its financial reports?
A) Full IFRS
B) IFRS for SME's
C) Neither A or B

Entity a Is a Medium-Sized Insurance Entity