The Mission of the International Accounting Standards Board (IASB) Is

question 36

Multiple Choice

The mission of the International Accounting Standards Board (IASB) is to

• A) Develop a uniform currency in which the financial transactions of companies throughout the world would be measured.
• B) Issue enforceable standards which regulate the financial accounting and reporting of multinational corporations.
• C) Develop a single set of high-quality and understandable IFRS for general-purpose financial statements.
• D) Arbitrate accounting disputes between auditors and international companies.