Which of the Following Is Not an Objective of the International

question 14

Multiple Choice

Which of the following is not an objective of the International Accounting Standards Board (IASB) ?

• A) to establish legally enforceable accounting standards to govern international business
• B) to formulate and publish accounting standards to be observed in the presentation of financial statements
• C) to work for the harmonization of accounting standards
• D) all are objectives of the IASB

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Definitions:

Hidden Curriculum

Lessons, morals, and perspectives not formally documented or intended, yet acquired by students through their school experience.

Racial-Minority Families

Families that are identified as part of a racial group that makes up a smaller percentage of the total population compared to other racial groups.

Skeptical

Having an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Self-Fulfilling Prophecy

A prediction or expectation that causes itself to become true, due to the feedback between belief and behavior.