In adopting International Financial Reporting Standards (IFRSs) ,the UK Accounting Standards Board (ASB) has:
A) embraced the IFRSs without change.
B) been disbanded as it is no longer required.
C) used the IFRSs only as a foundation for its own set of standards and has identified where these own standards do not comply with IFRSs.
D) issued its own standards and 're-badged' them as FRSs.
Correct Answer:
Verified
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