The International Accounting Standards Board (IASB)

Multiple Choice

The International Accounting Standards Board (IASB) :

A) Only applies to companies that are members of the European Union.
B) Is the only source of generally accepted accounting principles (GAAP) .
C) Has the authority to impose its standards on companies around the world.
D) Hopes to create harmony among accounting practices of different countries to improve comparability.
E) Is the government group that establishes reporting requirements for companies that issue stock to the investing public.