In Canada, the body that has the responsibility of overseeing the Accounting Standards Board (AcSB) is the
A) Accounting Standards Oversight Council (AcSOC).
B) International Accounting Standards Board (IASB).
C) Canadian Institute of Chartered Accountants (CICA).
D) Financial Accounting Standards Board (FASB).

Question

Quizplus · Accepted Answer

The Accounting Standards Oversight Council (AcSOC) is a Canadian body that oversees the Accounting Standards Board (AcSB) and provides strategic guidance and oversight for the standard-setting process in Canada. The other options listed are not Canadian bodies and do not have direct responsibility for overseeing the AcSB.

In Canada, the Body That Has the Responsibility of Overseeing