The funding of the standard-setting bodies that promulgate IFRS is as independent as that underlying U.S.GAAP.

Name: The funding of the standard-setting bodies that promulgate IFRS is as independent as that underlying U.S.GAAP.
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The funding for IFRS standard-setting bodies is primarily through contributions from various stakeholders, whereas U.S. GAAP is funded by mandatory fees from public companies, making IFRS funding less independent.

The Funding of the Standard-Setting Bodies That Promulgate IFRS Is