Which of the Following Is a Benefit of the ASIC

question 23

Multiple Choice

Which of the following is a benefit of the ASIC register of company auditors?

• A) the register contains a code of ethics that auditors must follow
• B) the register provides assurance of the qualification, level of competence and experience of the auditor.
• C) the register facilitates disciplinary procedures against auditors
• D) all of the above are benefits

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Definitions:

Freer Trade

Freer trade refers to the reduction of tariffs, quotas, and trade barriers between countries, aiming to encourage the exchange of goods and services across national borders.

Special-Interest Groups

Organizations or groups that advocate for specific causes or interests, often aiming to influence public policy and decision-making.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, indicative of a healthy and expanding economy.

Import Tariff

A tax imposed by a government on goods brought into the country, aimed at making imported goods more expensive than domestic products.