The International Accounting Standards Board (IASB)was created in order to develop worldwide accounting standards that are required for all financial statements,regardless of what country the financial statements are prepared in.

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The International Accounting Standards Board (IASB) was created to develop worldwide accounting standards, known as International Financial Reporting Standards (IFRS), which aim for global harmonization but are not required for all financial statements in every country, as adoption depends on the decision of individual countries' regulatory bodies.

The International Accounting Standards Board (IASB)was Created in Order to Develop