The objective of the Financial Reporting Council does not include:
A)to monitor and report regularly on matters concerning auditor independence.
B)to oversee the process used for setting accounting and auditing standards.
C)all of the above are included in the objectives of the Financial Reporting Council.
D)to be involved in the technical issues around the standard-setting process.

Question

Quizplus · Accepted Answer

The Financial Reporting Council oversees the process for setting standards but does not get involved in the technical issues of the standard-setting process itself.

The Objective of the Financial Reporting Council Does Not Include