Section 296 of the Corporations Act Requires (All or in Part)

Multiple Choice

Section 296 of the Corporations Act requires (all or in part) :

A) the AASB to follow the broad strategic direction determined by the FRC.
B) the directors to make a declaration stating whether, in their opinion, the financial statements comply with accounting standards.
C) the AASB to develop a conceptual framework, not having the force of an accounting standard, for the purpose of evaluating accounting standards and international standards.
D) a company's directors to ensure that the company's financial statements for a financial year comply with accounting standards.