Since 2005,the main influence on Australian accounting standards is:
A)U.S.accounting standards.
B)British accounting standards.
C)International accounting standards.
D)All of the above

Question

Quizplus · Accepted Answer

Since 2005, Australia has adopted International Financial Reporting Standards (IFRS) which are developed by the International Accounting Standards Board (IASB). Although the U.S. and Britain have their own accounting standards, Australia's primary influence has been IFRS, which are global accounting standards designed to ensure consistency and comparability of financial reporting across different countries.

Since 2005,the Main Influence on Australian Accounting Standards Is