The AcSB:

Question

The AcSB:

Quizplus · Accepted Answer

The AcSB (Accounting Standards Board) is an independent body that develops and establishes standards and guidance that govern financial accounting and reporting in Canada. They have primary responsibility for setting the underlying rules of accounting in Canada.

Answer: B and D are incorrect.
 The Ontario Securities Commission (OSC) is the entity that regulates the issuance of securities in Ontario, and an audit is an examination of a company's financial statements by an independent auditor.