The Body Primarily Responsible for Establishing a Single Set of Global

question 11

Multiple Choice

The body primarily responsible for establishing a single set of global accounting standards is the:

• A)IASB.
• B)SEC.
• C)FASB.
• D)IOSCO.

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Definitions:

Bind

To legally obligate oneself or another party to a contract or agreement, making it enforceable by law.

Illusory

Pertaining to an agreement or promise that lacks real consideration or enforceability, making it seem valid but without substance.

Video Games

Electronic games played through consoles, computers, or mobile devices, characterized by interactive gameplay and visual feedback.

Promise

A promise is a declaration or assurance that one will or will not do something, often creating an expectation or obligation.