Which of the Following Statements Is NOT True of the IASB

question 19

Multiple Choice

Which of the following statements is NOT true of the IASB?

• A) The IASB's purpose is to create a single set of high quality,understandable,and enforceable global accounting standards.
• B) The publication of a Standard,Exposure Draft,or final SIC Interpretation requires approval by nine of the Board Members.
• C) The IASB is a set of international accounting standards that require transparent and comparable information in general purpose financial statements.
• D) The IASB represents accounting and financial organizations from more than 100 countries
• E) The IASB is independent and privately funded.

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Definitions:

Customer Value Proposition (CVP)

A business or marketing statement that describes why a customer should buy a product or use a service, highlighting the specific value it offers.

Persuading

The act of convincing someone to do or believe something through reasoning or the use of persuasion.

Uncovering

The process of discovering, revealing, or making known previously hidden, obscured, or unknown information or insights.

FedEx

An American multinational delivery services company known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location.