In Addition to the International Accounting Standards Committee (IASC), Which

question 15

Multiple Choice

In addition to the International Accounting Standards Committee (IASC) , which of the following organizations was considered to be one of the two most important forces in efforts to harmonize accounting standards?

• A) U.S. Financial Accounting Standards Board (FASB)
• B) United Nations (UN)
• C) North Atlantic Treaty Organization (NATO)
• D) European Union (EU)

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Definitions:

Legislation

Laws or legal enactments made or enacted by a governing body or legislature.

1764

A year marked by significant events including the British Parliament's passage of the Sugar Act, which was a revenue-raising effort that contributed to the American Revolutionary War.

Printing

The process of producing text and images, typically with ink on paper, using a press machine or similar technology.

Paper Money

A form of currency issued by governments and banks that is used as a medium of exchange.