IFRS are a product of careful logic or empirical findings and are not influenced by political action.

Name: IFRS are a product of careful logic or empirical findings and are not influenced by political action.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

IFRS is developed by the International Accounting Standards Board (IASB), which is an independent international organization. While they strive for objectivity and evidence-based research, their decisions can still be influenced by political and economic factors.

IFRS Are a Product of Careful Logic or Empirical Findings