The Corporations Act 2001 requires that the governing board of the company:
A) table standards in the Commonwealth House of Representative and the Senate
B) establish accounting standards in preparing financial statements
C) provide a true and fair view of the accounting standards
D) comply with AASB accounting standards in preparing financial statements

Question

Quizplus · Accepted Answer

The Corporations Act 2001 requires the governing board of the company to comply with the Australian Accounting Standards Board (AASB) accounting standards in preparing financial statements.

The Corporations Act 2001 Requires That the Governing Board of the Company