The IFAC Is

question 38

Multiple Choice

The IFAC is

• A) an organization of national professional accountancy organizations
• B) part of the OECD
• C) under control of FASB
• D) part of the UN

---

Definitions:

Fishbone Diagram

A visual tool used for identifying and organizing the causes of a problem, typically resembling the shape of a fishbone.

Causes

The underlying factors or reasons for an event or situation, often analyzed in problem-solving and decision-making processes.

The Law of Unintended Consequences

The principle that actions, especially those taken on a large scale, can have unanticipated and often undesirable effects.

Uncertainty

The state of having limited knowledge, making it impossible to precisely predict the future or outcomes.