The Financial Reporting Council (FRC) is responsible to the government for:
A) the broad oversight of the accounting standard-setting process.
B) urgent accounting issues.
C) development of a conceptual framework for financial reporting.
D) taxation issues for companies.

Question

Quizplus · Accepted Answer

The FRC is the body that advises the Commonwealth Government on the accounting standard-setting and auditing standard-setting processes.

The Financial Reporting Council (FRC) Is Responsible to the Government