In adopting the standards of IASB,Australian entities are required to comply with:
A) the Australian Conceptual Framework and Statement of Accounting Concepts 1 to 4.
B) the Australian Conceptual Framework and Statement of Accounting Concepts 3 and 4.
C) the IASB Framework and the Statement of Accounting Concepts 3 and 4.
D) the IASB Conceptual Framework and the Statement of Accounting Concept 1.
Correct Answer:
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