The International Organization of Securities Commissions (IOSCO) Sets Accounting Standards

question 12

True/False

The International Organization of Securities Commissions (IOSCO) sets accounting standards for those countries which have not yet adopted IFRS.

---

Definitions:

National Securities Exchange

A securities exchange registered with the SEC, adhering to governmental standards and regulations for trading securities.

Substantially All

A term used in legal and finance contexts to indicate a majority or near-total portion of an asset, company's assets, or activity.

Approved

Officially accepted or sanctioned by an authoritative body, indicating compliance with specified requirements or standards.

Shareholders

Shareholders are individuals or entities that own one or more shares of stock in a corporation, making them partial owners of the company.