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:

Agriculture

The science, art, and practice of cultivating the soil, growing crops, and raising livestock for human use and consumption.

Third Force

A term in psychology referring to the humanistic approach, which emphasizes individual potential and stresses the importance of growth and self-actualization.

Human Behavior

The range of actions and mannerisms made by individuals in conjunction with themselves or their environment, which includes the other systems or organisms around as well as the physical environment.

Human Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their patterns of thought, feelings, and behavior.