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The Financial Reporting Panel (FRP)established Under the Auspices of the Australian

Question 21

Multiple Choice

The Financial Reporting Panel (FRP) established under the auspices of the Australian Securities and Investments Commission (ASIC) intends to provide:


A) A timely, efficient and cost-effective way of resolving disputes concerning accounting treatments in financial reports.
B) The opportunity to be heard by persons with relevant expertise.
C) A mechanism to alleviate some concerns regarding the use of the courts for adjudication on technical accounting issues.
D) All of the given answers.
E) None of the given answers.

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