alleryStart learning →Since 2001, new standards issued by the IASB are labelled what?
AIFRS instead of IAS
BIAS instead of IFRS
CInd AS instead of IAS
DSIC instead of IFRS
Answer & Solution
Correct answer: A. IFRS instead of IAS
The IASB decided in 2001 that newly issued standards would be called IFRS rather than IAS.
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