Of the Following,which Is NOT True About International Financial Reporting

question 30

Multiple Choice

Of the following,which is NOT true about international financial reporting standards?

• A) Board members of the IASB come from 25 countries.
• B) The IASB is committed to developing,in the public interest,a single set of high quality,understandable,and enforceable global accounting standards.
• C) The IASB represents more than 100 worldwide accounting and financial organizations.
• D) Most projects require a minimum of three years from formation to standard issuance.
• E) Each IASB Member has one vote on technical and other matters.

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Definitions:

Permissive-indulgent

A parenting style characterized by high responsiveness but low demands, leading to fewer boundaries and rules.

Authoritarian

A leadership or governmental style characterized by strict obedience to authority and often a lack of personal freedoms.

Constructive Play

A form of play that involves manipulating elements of the play environment to create things, promoting problem-solving skills, creativity, and coordination.

Functional Play

A type of play observed in children where activities are focused on using objects the way they are meant to be used, developing their understanding and skills.