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8 Which of these statements is not correct? Australian accounting standards are not enforceable by the Corporations Act The Australian Accounting Standards Board are responsible

8 Which of these statements is not correct? Australian accounting standards are not enforceable by the Corporations Act The Australian Accounting Standards Board are responsible for creating accounting standards The main function of accounting standards is to assist users of financial information to make more informed decisions Accounting standards are the second source of regulation for financial reporting

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