IFRS Are

question 117

Multiple Choice

IFRS are

• A)built on broad principles.
• B)rules-based.
• C)narrowly defined,detailed standards.
• D)seldom different than those issued by the FASB.

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Definitions:

Public Policy

Principles and guidelines that govern actions taken by the government to address societal issues.

Americans with Disabilities Act

A civil rights law enacted in 1990 in the United States that prohibits discrimination against individuals with disabilities in all areas of public life.

Health Insurance Portability and Accountability Act

A United States legislation that provides data privacy and security provisions for safeguarding medical information.