The founding of the IASC was a direct result of the growth in international trade, mergers and acquisitions, and foreign direct investment that followed World War II.

Question

Quizplus · Accepted Answer

The International Accounting Standards Committee (IASC) was established in 1973 as a response to the need for harmonizing accounting standards across countries, which became more apparent due to the increase in international trade, mergers and acquisitions, and foreign direct investment following World War II.

The Founding of the IASC Was a Direct Result of the Growth