The Body That Is Responsible for the Issue of Accounting

question 25

Multiple Choice

The body that is responsible for the issue of accounting standards in Australia is:

• A)The Australian Securities and Investments Commission.
• B)The Australian Accounting Standards Board.
• C)The Institute of Chartered Accountants in Australia.
• D)CPA Australia.

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Definitions:

Fugitive Slave Clause

A provision in the U.S. Constitution (Article IV, Section 2) that required the return of runaway enslaved people to their owners.

Indian Territory

A region set aside by the United States government for the relocation of Native American tribes, primarily during the 19th century, now part of modern-day Oklahoma.

American Citizenship

The status of being a citizen of the United States, which includes certain rights, duties, and privileges, such as the right to vote, work, and live in the country.

Melting Pot

A metaphor for a society where many different types of people blend together as one.