The ICAA and CPA Australia:
A) are responsible for developing company regulations.
B) play no role in setting company regulation and have nothing to do with enforcing company regulation.
C) have nothing to do with setting company regulations but have a role in enforcing the regulations.
D) are involved in the enforcement of company regulations through the regulation of their members.

Question

Quizplus · Accepted Answer

The ICAA (Institute of Chartered Accountants in Australia) and CPA (Certified Practising Accountants) Australia are both professional accounting bodies that regulate their members. This means that they play a role in enforcing company regulations through the regulation of their members, who are required to adhere to ethical and professional standards. However, they are not responsible for developing or setting company regulations themselves.