All companies attempting to comply with accounting standards should refer to the Australian Securities and Investments Commission for guidance.

Question

Quizplus · Accepted Answer

While the Australian Securities and Investments Commission (ASIC) oversees and enforces company and financial services laws to protect Australian consumers, investors, and creditors, companies looking to comply with accounting standards should refer to the Australian Accounting Standards Board (AASB) for guidance on financial reporting requirements.

All Companies Attempting to Comply with Accounting Standards Should Refer