The general requirements of AASB 1057 Application of Australian Accounting Standards is that, unless AASB 1057 specifies otherwise, Australian accounting standards apply to: 

Select one: 

Each entity that is required to prepare financial reports in accordance with Part 2M.3 of the Corporations Act and that is a reporting entity. 

General purpose financial statements of each other reporting entity. 

Financial statements that are, or are held out to be, general purpose financial statements. 

All of the above

Answer rating: 100% (QA)

option 4 is correct All of above Applicable to all Exp... View the full answer