1. Case study 1.1 Visit the AASB website (www.aasb.gov.au) and find out the following: (b) Who are the members of the AASB, and which organisations

1. Case study 1.1

Visit the AASB website (www.aasb.gov.au) and find out the following:

(b) Who are the members of the AASB, and which organisations do they represent?

(c) Which accounting standards have been issued in the past year?

(e) What current projects (if any) is the AASB working on in cooperation with the IASB?

2. Case study 1.2

Visit the website of the International Accounting Standards Board (www.ifrs.org).

Report on:

(c) the membership of the IASB and which countries the members come from

(d) the goals of the IASB.

(e) What are the stages of the standard setting process?

3. Case study 1.3

Visit the website of the Australian Securities and Investments Commission

(www.asic.gov.au). Report on:

(a) what ASIC is and its role

(b) who does ASIC provide information for on their website?

(c) What tips and tools are provided for consumers?

4. Case study 1.4

Visit the website of the Financial Reporting Council (www.frc.gov.au). Locate its strategic

plan and report on:

(a) The functions of the FRC (as stated in the strategic plan 2017 - 2020)

(b) The functions of the FRC (as stated in the 2016-2017 annual report).