The primary objective of the IASB is to develop accounting standards in the U.S.

Question

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The IASB (International Accounting Standards Board) is a global organization that develops and issues accounting standards (International Financial Reporting Standards) for use by entities in many countries around the world, including the European Union, Australia, Canada, and Japan. It is not specifically focused on developing accounting standards in the U.S.

The Primary Objective of the IASB Is to Develop Accounting