The development of international accounting standards is the primary function of the
A)IRS.
B)AICPA.
C)IASB.
D)PCAOB.

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) is responsible for the development of international accounting standards, also known as International Financial Reporting Standards (IFRS). The IRS is a United States government agency responsible for tax collection, while the AICPA is a professional organization for certified public accountants in the United States. The PCAOB is a US government agency responsible for overseeing the audits of public companies.

The Development of International Accounting Standards Is the Primary Function