The International Accounting Standards Board's role in establishing standards has decreased significantly since 2002.

Name: The International Accounting Standards Board's role in establishing standards has decreased significantly since 2002.
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The IASB's role in establishing standards has actually increased since 2002. In fact, the IASB is the primary standard-setting body for accounting standards used in more than 140 countries around the world.

The International Accounting Standards Board's Role in Establishing Standards Has