The body that sets the strategic direction for the Auditing and Assurance Standards Board is:
A) Australian Prudential Regulation Authority (APRA)
B) Financial Reporting Council (FRC)
C) Accounting Professional and Ethical Standards Board (APESB)
D) Australian Securities Exchange (ASX)

Question

Quizplus · Accepted Answer

The Financial Reporting Council (FRC) is responsible for overseeing the process for setting auditing and assurance standards in Australia. It sets the strategic direction for the Auditing and Assurance Standards Board (AUASB).

The Body That Sets the Strategic Direction for the Auditing