In accordance with the requirements of the AASB Framework,accounting standard setters should ensure that the benefits from required disclosures exceed the costs incurred by entities in making them.The costs associated with a disclosure are specified by the AASB Framework to include:

Question

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The AASB Framework specifies that the costs associated with a disclosure include the cost of interpretation of the information and the cost of misdirection of resources where the information is not reliable.

In Accordance with the Requirements of the AASB Framework,accounting Standard