The role of the Australian Securities and Investments Commission is to:
A) issue accounting standards
B) administer and ensure compliance with the Corporations Act
C) develop the conceptual framework
D) supervise the AASB

Question

Quizplus · Accepted Answer

The Australian Securities and Investments Commission's main responsibility is administering and ensuring compliance with the Corporations Act, which regulates the conduct of companies and financial markets in Australia. The other options are not within ASIC's jurisdiction.

The Role of the Australian Securities and Investments Commission Is