The connection between accounting standards and the Corporations Act - Corporate Law

[Eric Huynh]

Hi Everyone in LAWANSWERS FORUM,

I am an Law student, my upcoming Corporate Law Assignment is very difficult and I really need help from Law Experts.
The question is:
Accounting Standards form a vital part of the regulation and administration of companies in Australia.

• Discuss the connection between accounting standards and the Corporations Act
• Discuss the role of the ASIC and AASB in connection with the regulation of companies in Australia.

Thanks for reading!