The IASB is a branch of the FASB.

Name: The IASB is a branch of the FASB.
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The IASB (International Accounting Standards Board) and FASB (Financial Accounting Standards Board) are two separate accounting standard-setting organizations. The IASB is responsible for developing and promoting International Financial Reporting Standards (IFRS), while the FASB is responsible for developing and promoting Generally Accepted Accounting Principles (GAAP) in the United States.

The IASB Is a Branch of the FASB