The development of international accounting standards is the primary function of the

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The International Accounting Standards Board (IASB) is responsible for the development of international accounting standards, which are known as International Financial Reporting Standards (IFRS). The IRS (Internal Revenue Service) is a U.S. government agency responsible for tax collection and enforcement. The AICPA (American Institute of Certified Public Accountants) is a professional organization for accountants in the US. The PCAOB (Public Company Accounting Oversight Board) is a U.S. organization responsible for overseeing audits of public companies.

The Development of International Accounting Standards Is the Primary Function