274Compliance with accounting standards and regulations

274 Compliance with accounting standards and regulations (cf Corporations Act s 296) (1) The financial report for a financial year must comply with the accounting standards. (2) However, a small co-operative's financial report does not have to comply with particular accounting standards if: (a) the report is prepared in response to a direction under section 271 or 272; and (b) the direction specifies that the report does not have to comply with those accounting standards. (3) The financial report must comply with any further requirements in