The chairperson of XYZ Company is concerned about the readability of the annual financial report...

Vendor: CPA Australia
Product: Financial-Accounting-and-Reporting
Update on: Jan 6, 2026
Questions: 100

CPA Australia Financial-Accounting-and-Reporting Question Answer

The chairperson of XYZ Company is concerned about the readability of the annual financial report that is about to be published on its website. XYZ Company is obliged to comply with International Financial Reporting Standards, and the report contains all of the required financial statements, the auditor's report, corporate governance statements, declarations of accounting policy, explanatory notes and a section that addresses the company's corporate social responsibility program.

The chairperson is wondering whether the report can be condensed. The issue that is concerning the chairperson is known as

information overload.

the cost of compliance.

the agency costs of monitoring.

the costs of social responsibility reporting.