The International Accounting Standards Committee was established in 1973 to develop worldwide standards.Which group replaced it in 2001?

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The International Accounting Standards Committee (IASC) was replaced by the International Accounting Standards Board (IASB) in 2001, which continues to develop and publish International Financial Reporting Standards (IFRS). FASB is a US-based accounting standards organization and IIA is a professional association for internal auditors, neither of which replaced the IASC.

The International Accounting Standards Committee Was Established in 1973 to Develop