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.

---

Definitions:

Strategic Planning

The process of defining an organization's direction and making decisions on allocating resources to pursue this strategy.

Changing Marketplace

Changing marketplace denotes the evolving dynamics and trends in the market environment, influenced by factors such as technology, consumer behavior, and economic conditions.

SWOT Analysis

A strategic planning technique that involves identifying the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.