Which of the Following Bodies Has the Responsibility to Issue

question 4

Multiple Choice

Which of the following bodies has the responsibility to issue international financial reporting standards (IFRS) ?

• A) The International Financial Reporting Interpretations Committee
• B) The International Standards Advisory Council
• C) The IASC Foundation
• D) The International Accounting Standards Board

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Definitions:

Fontanels

Soft spots in an infant’s skull that consist of tough membranes that connect to incompletely developed bone.

Skull

The bony structure forming the head, housing the brain and providing protection to it.

Spongy Bones

A type of bone tissue characterized by a porous, honeycomb-like structure, found primarily at the ends of long bones and in the interior of vertebrae, playing a key role in movement and support.

Endosteum

A membrane that lines the medullary cavity and the holes of spongy bone.