alleryStart learning →Disclosing key assumptions is:
AProhibited by the standard
BRequired for every enterprise
CEncouraged by the standard
DRequired only for small companies
Answer & Solution
Correct answer: C. Encouraged by the standard
Unlike the other disclosures, key assumptions are only encouraged, not required.
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Related questions
An enterprise applying AS 17 discloses impairment losses by:A revalued asset's market value basis and negligible disposal costs mean the asset is:For a small and medium-sized company, value in use may be measured by:Impairment of deferred tax assets is dealt with under:If recoverable amount is value in use, a material loss disclosure includes:A class of assets under AS 28 means a grouping of assets of:AS 28 disclosures of impairment losses are required for each:A specific external event is one that is: