The agency charged with the administration and enforcement of the Corporations Act 2001 is the: A) Australian Accounting Standards Board. B) Australian Securities Exchange. C) Australian Securities and Investments Commission. D) Australian Accounting Research Foundation.

Question

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The Australian Securities and Investments Commission (ASIC) is the agency charged with the administration and enforcement of the Corporations Act 2001. The other options listed (Australian Accounting Standards Board, Australian Securities Exchange, and Australian Accounting Research Foundation) have different roles and responsibilities within the Australian financial system.

The Agency Charged with the Administration and Enforcement of the Corporations