Accounting Standards Act 2007 s 3
s 3 Functions of Authority relating to accounting standards
3. The Authority is responsible —(a)
for making or formulating statements of standard accounting practice (called in this Act accounting standards) applicable to companies for the purpose of the Companies Act 1967; and
(b)
for making or formulating accounting standards applicable to any other entities specified in section 8(1),
and must carry out those functions subject to the general or special directions of the Minister.
[Act 36 of 2022 wef 01/04/2023]
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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗
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