The IASB located in London is responsible for harmonizing accounting principles in:
A) US only
B) European Union
C) Developed countries
D) World countries

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB), located in London, is responsible for developing and promoting International Financial Reporting Standards (IFRS) for use by companies in world countries, in order to harmonize accounting principles globally.

The IASB Located in London Is Responsible for Harmonizing Accounting