All of the Following Describe the International Accounting Standard Board

Multiple Choice

All of the following describe the International Accounting Standard Board (IASB) except for:

A) The IASB is a privately funded accounting standards-setting body based in London.
B) The mission of the IASB is to develop a single set of high-quality,understandable and enforceable global accounting standards.
C) Board members of the IASB come from diverse geographical countries that have adopted IFRS.
D) IASB members serve a five-year term subject to one reappointment.