Asked by
Mayra Monzon
on Nov 22, 2024
Verified
Which of the following is true of the International Accounting Standards Board (IASB) ?
A) It is located in Geneva.
B) It is privately funded.
C) It has the legal authority to enforce its rules.
D) It is managed by the United Nations.
International Accounting Standards Board
An independent organization that establishes accounting standards, aiming for global harmonization.
- Contrast the International Financial Reporting Standards (IFRS) with the Generally Accepted Accounting Principles (GAAP).
Verified Answer
AS
Learning Objectives
- Contrast the International Financial Reporting Standards (IFRS) with the Generally Accepted Accounting Principles (GAAP).
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