In an effort to ensure accounting information is properly and truthfully reported, standards and guidelines are in place. Which one of the following choices best describes a governing body that has global accounting standards to help provide better transparency in multinational organizations?

Question

Quizplus · Accepted Answer

the International Accounting Standards Board has global accounting standards in place. There is still some room for interpretation, so one must read the footnotes to gain a more accurate understanding of what is reported.

In an Effort to Ensure Accounting Information Is Properly and Truthfully