The _____ is the major entity proposing international standards of accounting and was formerly known as the International Accounting Standards Committee (IASC).
A)International Public Sector Accounting Standards (IPSAS)Board
B)US Financial Accounting Standards Board (FASB)
C)International Accounting Standards Board (IASB)
D)Federal Reserve Bank (FRBA)of America
E)Australian Accounting Standards Board (AASB)

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is the major entity responsible for proposing international standards of accounting. It was formerly known as the International Accounting Standards Committee (IASC) before it was restructured in 2001.

The _____ Is the Major Entity Proposing International Standards of Accounting