The IASB sets standards for the private and the public sectors.

Name: The IASB sets standards for the private and the public sectors.
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The IASB (International Accounting Standards Board) sets standards primarily for the private sector, focusing on international financial reporting standards (IFRS). Public sector accounting standards are typically set by other bodies, such as the IPSASB (International Public Sector Accounting Standards Board).

The IASB Sets Standards for the Private and the Public