Which of the Following Is NOT a Function of the AASB

question 2

Multiple Choice

Which of the following is NOT a function of the AASB? standard setting.

• A) Making accounting standards
• B) Promoting international accounting standards
• C) Participate in the development of international accounting standards
• D) Enforcing compliance with accounting standards

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Definitions:

Legitimate Power

The authority granted to an individual by an organization, recognized and accepted by members for influencing behavior.

Organization

A structured group of individuals working together towards common goals, often within a formal hierarchy.

Job Holders

Individuals currently employed in a particular position, contributing to the roles and functions of an organization.

Power

The ability or capacity of an individual or group to influence or control the actions, behaviors, or opinions of others.