Since 2002, there has been substantial movement toward the adoption of International Financial Reporting Standards (IFR
Posted: Sat Aug 07, 2021 7:03 am
Since 2002, there has been substantial movement toward the adoption of International
Financial Reporting Standards (IFRS) issued by the:
A) Financial Accounting Standards Board.
B) Securities and Exchange Commission.
C) International Accounting Standards Board.
D) American Institute of Certified Public Accountants.
Answer: C
Explanation: The International Accounting Standards Board issues International Financial
Reporting Standards (IFRS).
Financial Reporting Standards (IFRS) issued by the:
A) Financial Accounting Standards Board.
B) Securities and Exchange Commission.
C) International Accounting Standards Board.
D) American Institute of Certified Public Accountants.
Answer: C
Explanation: The International Accounting Standards Board issues International Financial
Reporting Standards (IFRS).