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19 August, 03:23

The main objective of the IASB is to:

Multiple Choice

A. Set accounting standards for all European Union countries.

B. Develop a single set of global accounting standards.

C. Regulate financial information for all companies around the world.

D. None of the choices are correct.

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Answers (1)
  1. 19 August, 03:43
    0
    The most suitable answer is B. Develop a single set of global accounting standards.

    Explanation:

    International accounting standards board is the main body that issues how and in which way the accounting standards should be applied and maintained.

    The standards issued by the IASB are universal in nature, meaning that all the nations that adhere to their system have to accept them and account accordingly.
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Home » Business » The main objective of the IASB is to: Multiple Choice A. Set accounting standards for all European Union countries. B. Develop a single set of global accounting standards. C. Regulate financial information for all companies around the world. D.
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