The two major standard-setting organizations in the world are
A) Financial Accounting Standards Board (FASB) and the International Organization of Securities Commission (IOSCO) .
B) Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) .
C) The International Accounting Standards Board (IASB) and International Organization of Securities Commission (IOSCO) .
D) The International Accounting Standards Board (IASB) and the Standards Advisory Council (SAC) .
Correct Answer:
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