Until recently,accounting standards issued by the IASB were:
A)the most well developed set of accounting standards and used widely around the world.
B)deemed to be 'best practice' and always used as a guide when another country was developing its own standards.
C)not that important as they were only designed for western economies.
D)frequently adopted directly by developing countries that did not have their own standard-setting processes.

Question

Quizplus · Accepted Answer

The Answer of Until recently,accounting standards issued by the IASB were:
A)the most well developed set of accounting standards and used widely around the world.
B)deemed to be 'best practice' and always used as a guide when another country was developing its own standards.
C)not that important as they were only designed for western economies.
D)frequently adopted directly by developing countries that did not have their own standard-setting processes.

Until Recently,accounting Standards Issued by the IASB Were