The International Body Responsible for Developing and Issuing High-Quality Ethical

question 36

Multiple Choice

The international body responsible for developing and issuing high-quality ethical standards and other pronouncements for professional accountants for use around the world is:

• A)International Organization of Securities Commissions
• B)International Accounting Standards Board
• C)International Ethics Board
• D)International Ethics Standards Board for Accountants

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Definitions:

Mediation

A process of conflict resolution where a neutral third party assists disputing parties in reaching an agreement.

Retaining Face

The act of maintaining respect, dignity, or honor in social situations, often by avoiding embarrassment or humiliation.

Mediation

The process or intervention in a dispute or negotiation by an impartial third party to help those involved reach a settlement or understanding.

Retaining Face

The act of maintaining one's dignity, honor, and respect in the social context, often by avoiding embarrassment or admitting fault.