When the International Accounting Standards Board Amends a Standard, What

Multiple Choice

When the International Accounting Standards Board amends a standard, what must a code-law country do to adopt the amendment?

A) The country's securities regulators must approve the amendment.
B) The country's professional accounting body must approve the amendment.
C) The country must pass new legislation to adopt the amendment.
D) The country's financial institution regulators must approve the amendment.