Which of the following bodies monitors the operation of the Australian Accounting Standards Board?
A)Australian Securities Exchange.
B)Financial Reporting Council.
C)Australian Securities and Investments Commission.
D)Auditing and Assurance Standards Board.

Question

Quizplus · Accepted Answer

The Financial Reporting Council is responsible for monitoring the operation of the Australian Accounting Standards Board. The Australian Securities Exchange is a stock exchange and does not have jurisdiction over accounting standards. The Australian Securities and Investments Commission oversees the conduct of companies and financial markets to protect consumers and does not specifically monitor the Accounting Standards Board. The Auditing and Assurance Standards Board has a different focus on auditing and assurance standards, rather than accounting standards.

Which of the Following Bodies Monitors the Operation of the Australian