Until Recently Standards Issued by the IASB (Formerly IASC)were

Multiple Choice

Until recently standards issued by the IASB (formerly IASC) were:

A) The most well developed set of accounting standards and used widely around the world.
B) Deemed to be best practice and always used as a template when another country was developing its own standards.
C) Not that important as they were only designed for European economies.
D) Frequently adopted directly by developing countries.
E) Developed by the 142 members who represented professional accounting bodies from around the world.