What group is primarily responsible for the creation of International Financial Reporting Standards (IFRS)?
A) Financial Accounting Standards Board (FASB)
B) International Forum on Accountancy Development (IFAD)
C) International Federation of Accountants (IFA)
D) International Accounting Standards Board (IASB)

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is primarily responsible for the creation of International Financial Reporting Standards (IFRS). The other options (FASB, IFAD, IFA) are not directly involved in the creation of IFRS.

What Group Is Primarily Responsible for the Creation of International