Which of the following statements is NOT true of the IASB?
A) The IASB's purpose is to create a single set of high quality,understandable,and enforceable global accounting standards.
B) The publication of a Standard,Exposure Draft,or final SIC Interpretation requires approval by nine of the Board Members.
C) The IASB is a set of international accounting standards that require transparent and comparable information in general purpose financial statements.
D) The IASB represents accounting and financial organizations from more than 100 countries
E) The IASB is independent and privately funded.
Correct Answer:
Verified
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