In addition to various technical standards IFAC also produces the International Accounting Education Standards. To what extent are these contributing to the convergence of global professional audit and accounting practice? ?
A) Only to a limited extent as there is significant diversity in the extent to which these standards are utilized.
B) Not at all, they have not been adopted in practice.
C) Extensively, all IFAC member bodies are required to follow these standards.
D) Extensively, most governments that have adopted IFRS Standards have also adopted the education standards.

Question

Quizplus · Accepted Answer

The International Accounting Education Standards contribute to convergence to a limited extent because their adoption and implementation vary significantly across different countries and organizations.

In Addition to Various Technical Standards IFAC Also Produces the International