The International Accounting Standards Board has worked to develop global accounting standards known as:

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answerhappygod
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The International Accounting Standards Board has worked to develop global accounting standards known as:

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A) Generally accepted accounting principles.
B) Globally accepted financial standards.
C) International financial reporting standards.
D) Generally accepted international financial standards.
Answer: C
Explanation: Global convergence of accounting standards is being facilitated by the adoption of
international financial reporting standards. These standards are developed by the International
Accounting Standards Board.
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