The main functions of the Financial Reporting Council include: I. appointing members of the AASB and AUASB.
II. determining the AASB's broad strategic direction.
III. establishing appropriate consultative mechanisms.
IV. directing the AASB in relation to the development or making of a particular standard.
V. the power to veto a standard recommended by the AASB.
A) I, II, III and V only.
B) I, II and III only.
C) I, II, IV and V only.
D) II, III, IV and V only.
Correct Answer:
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