The organization established to try to achieve global agreement on the use of a common set of accounting principles is called:
A)Abbreviated as IFRS.
B)International Accounting Standards Board.
C)Accounting Standards Board.
D)Generally accepted accounting principles.
E)All of these answers are correct.

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) was established for the purpose of developing and promoting the use of international financial reporting standards (IFRSs) as a common set of accounting principles for companies around the world.

The Organization Established to Try to Achieve Global Agreement on the Use