Which of the Following Is Not a Use of International

question 24

Multiple Choice

Which of the following is not a use of international accounting standards?

• A) As national requirements.
• B) As standards to be violated to improve intercountry comparability.
• C) As an international benchmark for those countries that develop their own requirements.
• D) By regulatory authorities for domestic and foreign companies

---

Definitions:

Partners

The owners of a partnership.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, performed within the scope of their employment or agency.

Agency Law

A legal principle that governs the relationship between a principal and their agent, including the agent's authority to act on behalf of the principal and the principal's responsibility for the agent's actions.

Partnership Liability

Legal obligations that may be incurred by a partnership, including debts and damages, for which the partners may be personally responsible.