Which of the following bodies is responsible for the harmonization of international accounting standards?
A) The European Union (EU).
B) The Federal Accounting Standards Board (FASB).
C) The International Accounting Standards Board (IASB).
D) The Canadian Institute of Chartered Accountants (CICA).

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is responsible for developing and promoting the use of international financial reporting standards (IFRS) to harmonize accounting standards globally.

Which of the Following Bodies Is Responsible for the Harmonization