sec.4BMeaning of prescribed accounting standard

### sec.4B Meaning of prescribed accounting standard A prescribed accounting standard means any of the following documents published by the Australian Accounting Standards Board— Australian Accounting Standards; Statements of Accounting Concepts; Interpretations; Framework for the Preparation and Presentation of Financial Statements. Also, if a document mentioned in subsection (1) is amended or replaced, a prescribed accounting standard includes the document as in force immediately before it was amended or replaced. However, subsection (2) applies in relation to a document only for a period of 12 months starting on the day the amendment or replacement takes effect. s 4B ins 2020 SL No. 40 s 3 (sec.4B-ssec.1) A prescribed accounting standard means any of the following documents published by the Australian Accounting Standards Board— Australian Accounting Standards; Statements of Accounting Concepts; Interpretations; Framework for the Preparation and Presentation of Financial Statements. (sec.4B-ssec.2) Also, if a document mentioned in subsection (1) is amended or replaced, a prescribed accounting standard includes the document as in force immediately before it was amended or replaced. (sec.4B-ssec.3) However, subsection (2) applies in relation to a document only for a period of 12 months starting on the day the amendment or replacement takes effect. - (a) Australian Accounting Standards; - (b) Statements of Accounting Concepts; - (c) Interpretations; - (d) Framework for the Preparation and Presentation of Financial Statements.