The Main Purpose of the Corporations Act Is To

question 60

Multiple Choice

The main purpose of the Corporations Act is to:

• A) develop and promulgate approved accounting standards.
• B) establish appropriate corporate governance mechanisms to promote appropriate decision making by participants and managerial accountability to shareholders.
• C) give legislative backing to the Australian Securities Exchange's Listing Rules.
• D) ensure that auditors conducting financial statement audits are registered.