CAF-1 · Chapter 9 · Question 14 of 15
Which of the following is responsible for drafting and approving new International Financial Reporting Standards (IFRS)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The International Accounting Standards Board (IASB).
Explanation
The IASB is the body responsible for developing, issuing, and approving International Financial Reporting Standards.
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