International Accounting Standards often are similar to the FASB's Statements of Financial Accounting Standards.

Question

Quizplus · Accepted Answer

International Accounting Standards (IAS) and the Financial Accounting Standards Board's (FASB) Statements of Financial Accounting Standards often share similarities because both sets of standards aim to improve and harmonize accounting practices globally, although they are developed by different organizations.

International Accounting Standards often Are Similar to the FASB's Statements