Which One of the Following Is NOT Required in Order

question 37

Multiple Choice

Which one of the following is NOT required in order to become a registered company auditor with ASIC?

• A) membership of ICAA, CPA Australia, or another prescribed body
• B) sufficient practical experience
• C) satisfying the Commission that the applicant is a fit and proper person to be so registered
• D) evidence that adequate professional indemnity insurance is held

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Definitions:

Reserve Deficiency

A situation in which a bank does not have enough reserves to meet the central bank's requirements.

Federal Reserve Districts

Geographic regions in the United States, each with a specifically designated Federal Reserve Bank, responsible for implementing the nation's monetary policy.

Fed Chairman

The leading figure of the Federal Reserve, the central banking system of the United States, responsible for monetary policy direction.

Federal Funds Market

A market where banks lend and borrow reserves from each other overnight in order to meet reserve requirements set by the central bank.