The AASB's mission is to "develop, issue and maintain principles-based Australian accounting and external reporting standards and guidance that meet user needs and enhance external reporting consistency and quality."
The FRC is responsible for providing broad oversight of the process for setting accounting and auditing standards as well as monitoring the effectiveness of auditor independence requirements in Australia.
APA 7th - How to reference Australian Accounting Standards
APA is a referencing style created by the American Psychological Association. As the manual doesn’t include accounting standards, we need to adapt and apply the general principles of APA to accounting standards.