What Is the Current Acronym for the Body Most Responsible

question 8

Multiple Choice

What is the current acronym for the body most responsible for issuing international accounting standards?

• A) IASB
• B) SEC
• C) FASB
• D) IASC

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Definitions:

Liability

The legal responsibility or obligation to compensate for losses or damages caused to another party.

Prompt Remedial Action

Immediate and corrective measures taken to rectify a problem or non-compliance identified in a process or operation.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that create a hostile or offensive work environment.

United States

A country in North America consisting of 50 states and a federal district, known for its large size and diverse population.