What is the primary purpose for AASB 124 requirement to disclose all transactions of senior management?
A) to make the public aware that members of management are typically greedy
B) to allow employees the opportunity to see the salaries commanded by management so that they can negotiate proportional increases
C) to hold management accountable for any unacceptable personal use of corporate assets
D) to give shareholders the indication that management is earning compensation through every possible avenue, as deserved

Question

Quizplus · Accepted Answer

The primary purpose of AASB 124's requirement to disclose all transactions of senior management is to ensure transparency and accountability, particularly in the use of corporate assets, thereby preventing misuse and promoting ethical conduct within the organization.

What Is the Primary Purpose for AASB 124 Requirement to Disclose