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Distinguish between the following organisations and their roles in the regulation of financial reporting in...

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Accounting

Distinguish between the following organisations and their roles in the regulation of financial reporting in Australia:

  • the Financial Reporting Council (FRC)
  • the Australian Accounting Standards Board (AASB)
  • the International Accounting Standards Board (IASB)
  • the IFRS Interpretations Committee
  • the Australian Securities and Investments Commission (ASIC)
  • the Australian Securities Exchange (ASX)
  • the Asian-Oceanic Standard Setters Group (AOSSG).

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