The standard-setting structure used by the International Accounting Standards Board is very similar to that used by the Financial Accounting Standards Board.

Name: The standard-setting structure used by the International Accounting Standards Board is very similar to that used by the Financial Accounting Standards Board.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Both boards use a similar due process approach, including exposure drafts and public comment periods, and have similar objectives of promoting high-quality financial reporting.

The Standard-Setting Structure Used by the International Accounting Standards Board