Which One of the Following Is True Concerning the International

question 21

Multiple Choice

Which one of the following is true concerning the International Accounting Standards Board?

• A)It is the international accounting standards setting body that is attempting to bring greater uniformity to worldwide accounting practices.
• B)It approves all financial statements before they are distributed to users.
• C)It consistently disagrees with the FASB on its rulemaking.
• D)It requires both national and international companies around the world apply the same accounting principles.

---

Definitions:

Moral Concerns

Issues or situations that involve principles of right and wrong behavior, often requiring ethical judgment and decision-making.

Moral Value

Principles or standards of behavior that are considered important by a society or individual in distinguishing right from wrong.

Compassion

Empathy in action.

Sympathy

Feelings of pity and sorrow for someone else's misfortune.