In 2009 Which Group Was Set-Up in the Asia-Oceania Region

question 56

Multiple Choice

In 2009 which group was set-up in the Asia-Oceania region as part of the establishment of global accounting standards?

• A) Group of 100
• B) Asian-Oceanian Audit-Setting Board (AOASB)
• C) International Accounting Standards Board (IASB)
• D) Asian-Oceanian Standard-Setting Group (AOSSG)

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Definitions:

Outsourcing

Outsourcing is the practice of hiring third-party service providers to handle certain business functions or operations outside the company to save costs and focus on core competencies.

Outside Vendors

External organizations or individuals that supply goods or services to a company, often in areas not core to the company’s main business.

In-house

Activities or operations performed within an organization by its own members or employees, rather than by external parties.

Environmentally Friendly

Pertains to goods, services, and practices that cause minimal harm to the environment.