alleryStart learning →Which body develops the International Financial Reporting Standards?
AThe IASB
BThe FASB
CThe ICAI
DThe IMF
Answer & Solution
Correct answer: A. The IASB
The International Accounting Standards Board develops IFRS, which many countries have adopted.
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Related questions
Under the accrual basis, an item is recognised when it meets what?Cash flows that change the size of contributed equity and borrowings are classed as what?Cash flows from acquiring and disposing of long-term assets are classed as what?Under IAS 1, how are items of dissimilar nature shown?IAS 1 says presentation and classification should do what?IAS 1 requires a complete set of financial statements at least how often?IAS 1 says assets and liabilities must not be offset unless what?A complete set of IFRS statements includes which of these?