The growth of global investing has spurred development of worldwide accounting standards that are written by the
A)American Institute of Certified Public Accountants.
B)Institute of Global Auditors.
C)Global Committee on Accounting Standards.
D)International Accounting Standards BoarD.

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is responsible for developing and maintaining International Financial Reporting Standards (IFRS), which are worldwide accounting standards used in more than 120 countries, including many major economies such as the European Union, Australia and Canada.

The Growth of Global Investing Has Spurred Development of Worldwide