The goals of the International Accounting Standards Committee include all of the following except:

Question

Quizplus · Accepted Answer

The International Accounting Standards Committee's goals include improving international accounting, promoting global acceptance of its standards, and harmonizing accounting practices between countries. However, it does not aim to formulate a single set of auditing standards to be applied in all countries, as this falls under the jurisdiction of other organizations such as the International Auditing and Assurance Standards Board.

The Goals of the International Accounting Standards Committee Include All