Which of the Following Is a Major Restructuring Objective of the IASB

question 37

Multiple Choice

Which of the following is a major restructuring objective of the IASB?

• A) To ensure compliance to a single set of accounting standards.
• B) To progressively phase out divergent accounting practices.
• C) To promote a greater understanding of the accounting practices of different nations.
• D) To cooperate with various national accounting standard-setters in order to achieve convergence in accounting standards around the world.

---

Definitions:

Environmental Factors

External elements, including physical, social, and cultural conditions, that can influence an individual's development and behavior.

Reduced Intelligence

Refers to a lower than average ability in cognitive functions, including problem-solving, learning, and memory.

Prenatal Care

Medical and health care provided to a pregnant woman before birth to ensure the health of both mother and baby.

Severely Malnourished

A condition where an individual's diet does not provide adequate nutrients for growth and health, often leading to serious health problems.