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The Main Functions of the Financial Reporting Council Include

Question 2

Multiple Choice

The main functions of the Financial Reporting Council include:
I.overseeing the process for the setting of accounting standards of the AASB.
II.determining the AASB's broad strategic direction.
III.monitoring and reviewing the level of funding for the AASB.
IV.directing the AASB in relation to the development or making of a particular standard.
V.the power to veto a standard recommended by the AASB.


A) I,II,III and V only
B) I,II,and III only
C) I,II,IV and V only
D) II,III,IV and V only.

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