The International Accounting Standards Board (IASB) works to formulate international accounting standards that are adopted by each country a. when approved by the IASB. b. when accepted by the majority of IASB member countries. c. on a voluntary basis. d. only after acceptance by 2/3 of IASB member countries.
The International Accounting Standards Board (IASB) works to formulate international accounting standards that are adopted by each country a. when approved by the IASB. b. when accepted by the majority of IASB member countries. c. on a voluntary basis. d. only after acceptance by 2/3 of IASB member countries.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA1: International Financial Reporting Standards
Section: Chapter Questions
Problem 4MCQ
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The International Accounting Standards Board (IASB) works to formulate international accounting standards that are adopted by each country
a. |
when approved by the IASB. |
b. |
when accepted by the majority of IASB member countries. |
c. |
on a voluntary basis. |
d. |
only after acceptance by 2/3 of IASB member countries. |
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