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.

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Definitions:

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A professional who utilizes telephone communication to market goods or services, often employed in call centers or by marketing firms.

Cold Canvass

The practice of contacting potential customers without prior appointment or indication of interest.

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An individual who is between 13 and 19 years of age, typically undergoing the transition from childhood to adulthood.