Which regulatory authority acts as overseer and advisor to the AASB?
A) Australian Accounting Research Foundation.
B) Financial Reporting Council.
C) The Accounting Professional and Ethical Standards Board.
D) Australian Securities and Investments Commission.

Question

Quizplus · Accepted Answer

The Financial Reporting Council (FRC) acts as the overseer and advisor to the AASB (Australian Accounting Standards Board) in Australia. The FRC is responsible for overseeing the effectiveness of the financial reporting framework in Australia, including the AASB's standard-setting process.

Which Regulatory Authority Acts as Overseer and Advisor to the AASB