The Organization That Is Working Toward Uniformity in Accounting Practices

question 37

Multiple Choice

The organization that is working toward uniformity in accounting practices throughout the world is the

• A) World Bank.
• B) United Nations.
• C) International Accounting Standards Board.
• D) National Commission on Fraudulent Financial Reporting.

---

Definitions:

Fiscal Policy

Government strategies to influence a country's economy through public spending and taxation decisions.

Monetary Policy

The process by which the central bank of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

United States Government Budget

The budget prepared by the federal government, outlining its projected revenues and expenditures for the forthcoming fiscal year.

Fiscal Year

A one-year period used by governments and businesses for accounting and budget purposes, which may not align with the calendar year.