What is the current acronym for the body most responsible for issuing international accounting standards?

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is currently the body responsible for issuing international accounting standards. A is the correct choice.

B) The SEC (Securities and Exchange Commission) is a regulatory body responsible for overseeing financial markets in the United States, but it does not issue international accounting standards.

C) The FASB (Financial Accounting Standards Board) is a US-based organization responsible for developing accounting standards for companies in the United States, but it does not issue international accounting standards.

D) The IASC (International Accounting Standards Committee) was a predecessor to the IASB and was responsible for issuing international accounting standards prior to the creation of the IASB. However, it is no longer the current body responsible for issuing international accounting standards.

What Is the Current Acronym for the Body Most Responsible