Which of the following is true with regard to the characteristics of the International Accounting Standards Board (IASB) ?
A) A unanimous vote by all Board members is needed to issue a new International Financial Reporting Standard (IFRS) .
B) The IASB consists of 16 part-time members.
C) Each member of the IASB must come from a different country.
D) IASB members are appointed for 5-year renewable terms.
Correct Answer:
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