The Australian Accounting Profession Is Dominated by Which Bodies

question 52

Multiple Choice

The Australian accounting profession is dominated by which bodies?

• A) CPA Australia, PriceWaterhouseCoopers Australia, the Institute of Chartered Accountants in Australia, and the Institute of Public Accountant
• B) the Institute of Chartered Accountants in Australia, the Institute of Public Accountant, CPA Australia
• C) the Institute of Chartered Accountants in Australia, the Institute of Public Accountant, Ernst & Young Australia
• D) CPA Australia, the Institute of Chartered Accountants in Australia and the Institute of Public Accountant

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Definitions:

Investment Principal

A sum of money invested initially in a financial instrument or vehicle, which serves as the base on which returns or interest is calculated.

Passive Asset Allocation

An investment strategy that aims to build a portfolio mimicking a market index's composition, requiring minimal buying and selling.

Proportions

The quantitative relationship between two amounts, showing the number of times one value contains or is contained within the other.

Portfolio Management

The act of making investment decisions to meet specified investment goals for the benefit of the investors.