Which of the Following Is Not an Objective of the IASB

question 20

Multiple Choice

Which of the following is not an objective of the IASB?

• A) To develop, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require high quality, transparent and comparable information in financial statements and other financial reporting to help participants in the world's capital markets and other users to make economic decisions.
• B) To promote the use and rigorous application of the IASB standards.
• C) To take account of, as appropriate, the special needs of small and medium-sized entities and emerging economies.
• D) To provide financial support to countries adopting the IASB standards.

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Definitions:

Spermatocyte

A type of cell that undergoes meiosis to form sperm cells in the male reproductive system.

Spermatid

A haploid male gametid that results from division of secondary spermatocytes and matures into spermatozoon.

Fetal Development

The process of growth and development within the womb, where the fetus goes through various stages before birth.