International ﬁnancial reporting standards are currently developed by which entity
A) the IFRS Foundation
B) the International Accounting Standards Board
C) the International Organization of Securities Commissions
D) the Ontario Securities Commission

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is responsible for the development of International Financial Reporting Standards (IFRS), which are designed to bring transparency, accountability, and efficiency to financial markets around the world. The IASB operates under the oversight of the IFRS Foundation.

International ﬁNancial Reporting Standards Are Currently Developed by Which Entity