The Process of Adopting International Accounting Standards in Australia Did

The process of adopting international accounting standards in Australia did not include:

A) An initial period of harmonisation where AASB standards were made to be compatible with the IAS's, but with some divergence allowed where appropriate
B) A Corporate Law and Economic Reform Program (CLERP) Report, in 1997, outlining the rationale and benefits for Australia of adopting international accounting standards
C) A decision by the FRC in 2002 that Australia would adopt accounting standards issued by the IASNB, and no divergence was to be acceptable
D) Opposition from the Australian Stock Exchange