AAS 25 Is Relevant for Superannuation Plans That Are Reporting

AAS 25 is relevant for superannuation plans that are reporting entities.A reporting entity is one for which:

A) A minimum of 25 per cent of the members of the fund have voted in favour of the provision of general-purpose financial reports.
B) It is reasonable to expect the existence of users who are dependent on general-purpose financial reports for information that will be useful for them for making and evaluating decisions about the allocation of scarce resources.
C) There has not been a vote carried by 75 per cent or more of the members releasing the trustees from the responsibility to provide general-purpose financial reports.
D) It is reasonable to expect the existence of users who need specific purpose reports in order to make and evaluate decisions about the allocation of scarce resources.
E) None of the given answers.