The purpose of the International Accounting Standards Board is to

1. issue enforceable standards which regulate the financial accounting and reporting of multinational corporations.

2. develop a uniform currency in which the financial transactions of companies through-out the world would be measured.

3. promote uniform accounting standards among countries of the world.

4. arbitrate accounting disputes between auditors and international companies.

Question

Camille Haley

Business

18 August, 05:49

The purpose of the International Accounting Standards Board is to

1. issue enforceable standards which regulate the financial accounting and reporting of multinational corporations.

2. develop a uniform currency in which the financial transactions of companies through-out the world would be measured.

3. promote uniform accounting standards among countries of the world.

4. arbitrate accounting disputes between auditors and international companies.

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Answers (1)

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Robert Yang · Answer 1

3. promote uniform accounting standards among countries of the world.

Explanation:

The purpose of the International Accounting Standards Board is to promote uniform accounting standards among countries of the world.