Which of the following are not authoritative pronouncements of International Financial Reporting Standards (IFRSs)?
1) International Financial Reporting Standards issued by the IASB
2) International Accounting Standards issued by the IASC and adopted by the IASB
3) Interpretations originated by the International Financial Reporting Interpretations Committee (IFRIC)
4) U.S. Generally Accepted Accounting Principles

Question

Quizplus · Accepted Answer

U.S. Generally Accepted Accounting Principles (GAAP) are not part of IFRS authoritative pronouncements, as they are a separate set of accounting standards used primarily in the United States.

Which of the Following Are Not Authoritative Pronouncements of International