The standards issued by the International Accounting Standards Board must be followed by all multinational companies.

Question

Quizplus · Accepted Answer

While many multinational companies choose to follow International Accounting Standards, there is no legal requirement for them to do so. It ultimately depends on the laws and regulations of the countries in which the companies operate. However, some countries have adopted the standards issued by the International Accounting Standards Board into their local laws and require companies to comply with them.

The Standards Issued by the International Accounting Standards Board Must