what are the Approaches adopted in the development of accounting standards ,indicating and explain the approach adopted by the international accounting standards Board (IASB) to develop accounting standard

what are the Approaches adopted in the development of accounting standards ,indicating and explain the approach adopted by the international accounting standards Board (IASB) to develop accounting standard

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 4MCQ

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Define International Accounting Standards Committee.
Discuss the role of International Accounting Standards Board(IASB) in bringing harmonization of accounting standards and the convergence of accounting standards.
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