The IASB will consider if a possible standard to be developed can be high quality and increase the possibility of convergence in which stage of due process?
A) Setting the agenda
B) Planning the project
C) Developing and publishing the standard
D) Post-issuance activities

Question

Quizplus · Accepted Answer

The IASB considers the potential for developing a high-quality standard and the possibility of convergence during the "Setting the agenda" stage. This is when they decide whether a topic should be added to their work plan, taking into account factors like the need for the standard and its potential to improve financial reporting.

The IASB Will Consider If a Possible Standard to Be