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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The purpose of the International Accounting Standards Board is to 1. issue enforceable standards which regulate the financial accounting ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Should a company alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the company does business?
Answers (1)
Fanatics Company is preparing monthly cash budgets for the first quarter of the year. Monthly sales revenue in this quarter is estimated as follow: January, $18,500; February, $16,000; March, $11,000.
Answers (1)
After evaluating Null Company's manufacturing process, management decides to establish standards of 2 hours of direct labor per unit of product and $15.50 per hour for the labor rate.
Answers (1)
Sydney's Emporium has 59 stores in the United States and wants to expand globally. Sydney's wants to achieve the highest possible returns, and is not concerned about pursuing a high-risk strategy as long as it maintains complete control over its
Answers (1)
Opal deducted $2,560 of state income taxes on her tax return last year. this year she received a state income tax refund of $330.
Answers (1)
New Questions in Business
How is a gas different from a solid or a liquid? A. A gas is made of tiny particles. B. A gas has volume. C. A gas expands to fill the container. D. A gas has density. TY
Answers (1)
Property-tax revenues for the county were reported at $770,000 on its governmental funds statement, but property-tax revenues on the county's government-wide statement of activities were reported at $800,000. Why did this difference arise?
Answers (1)
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production.
Answers (1)
Sunny Day Manufacturing Company has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year.
Answers (1)
Which is a basic economic question that must be answered by all economic systems? a How will goods and services be produced? b How will government collect income taxes? c What will be the amount of the minimum wage for workers?
Answers (1)