The Functions of the Australian Accounting Standards Board Include: I

Multiple Choice

The functions of the Australian Accounting Standards Board include: I. development of a conceptual framework for the purpose of evaluating proposed accounting standards.
II) making accounting standards for the purpose of the Corporations Act.
III) participating in and contributing to the development of a single set of accounting standards for worldwide use.

A) I only.
B) II and III only.
C) I and III only.
D) I, II and III.