Which of the Following Is True with Regard to the Characteristics

question 64

Multiple Choice

Which of the following is true with regard to the characteristics of the International Accounting Standards Board (IASB) ?

• A)A unanimous vote by all Board members is needed to issue a new International Financial Reporting Standard (IFRS).
• B)The IASB consists of 16 part-time members.
• C)Each member of the IASB must come from a different country.
• D)IASB members are appointed for 5-year renewable terms.

---

Definitions:

Tax Incentives

Financial reductions or exemptions offered by governments to encourage specific economic activities.

Greenpeace

An international environmental organization that advocates for the protection and preservation of the environment through direct action, lobbying, and research.

Nongovernmental Organizations

Independent, nonprofit organizations that operate on a local, national, or international level to address social, environmental, or political issues.

Obtain a Government Sponsor

The process of securing support or endorsement from a government entity, often for projects, research, or initiatives that align with public policy goals.