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Financial Reporting Council - Australian Accounting Standards Board Annual Report


Friday, 28 September 2001

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Key functions of the FRC are to advise the Government on the accounting standard setting process and the development of international accounting standards, and to determine the broad strategic direction of the AASB.

In performing its functions, the FRC has careful regard to the objectives of standard setting set out in the ASIC Act 2001 - with regard to facilitating the development of high quality accounting standards, facilitating the Australian economy, and maintaining investor confidence.

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This document is an external resource and can be viewed in a new browser window by following the link to http://www.frc.gov.au/content/reports.asp.

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