The International Accounting Standards Board (IASB)

Multiple Choice

The International Accounting Standards Board (IASB) :

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