Which of the Following Is NOT an Objective of the International

question 3

Multiple Choice

Which of the following is NOT an objective of the International Accounting Standards Board?

• A) To establish worldwide uniformity of accounting practice
• B) To develop a single set of enforceable global accounting standards
• C) To promote the use and application of global accounting standards
• D) To encourage convergence of national accounting standards and international accounting standards

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Definitions:

Holder In Due Course

A person who acquires a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims.

Assignee

The party to whom rights or property are transferred in an agreement.

Transferor

An individual or entity that transfers its rights or properties to another.

Complete Chain

A concept referring to a comprehensive series of connected events, processes, or components, often seen in supply chain management.