The agency empowered to prepare and issue accounting standards for the purposes of the Corporations Act 2001 is the: A) Australian Accounting Research Foundation. B) Australian Securities Exchange. C) Australian Securities and Investments Commission. D) Australian Accounting Standards Board.

Question

Quizplus · Accepted Answer

The agency empowered to prepare and issue accounting standards for the purposes of the Corporations Act 2001 is the Australian Accounting Standards Board. The other options, such as the Australian Accounting Research Foundation, Australian Securities Exchange, and Australian Securities and Investments Commission, are not responsible for issuing accounting standards.

The Agency Empowered to Prepare and Issue Accounting Standards for the Purposes