Australian Securities and Investments Commission (ASIC)
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Which of the following statements about the Australian Securities and Investments Commission (ASIC) is incorrect?
a. ASIC requires all auditors’ financial statements to be independently audited annually.
b. ASIC is a member of the International Forum of Independent Audit Regulators.
c. ASIC enforces independence requirements for auditors.
d. ASIC monitors the functions of the Australian Auditing and Assurance Standards Board (AUASB)
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