Which of the following was formed in March 2001 to replace the International Accounting Standards Committee (IASC)?

Question

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The International Accounting Standards Board (IASB) has emerged as a major proponent of standardization. The IASB was formed in March 2001 to replace the International Accounting Standards Committee (IASC), which had been established in 1973. The IASB has 15 members who are responsible for the formulation of new international financial reporting standards. To issue a new standard, 75 percent of the 15 members of the board must agree.

Which of the Following Was Formed in March 2001 to Replace