Which body issues IFRS Accounting Standards?
Answer and explanation
Correct answer: D. The International Accounting Standards Board
- Step 1: Match each international board to the standards it issues.
- Step 2: The IASB issues IFRS Accounting Standards.
Answer
The International Accounting Standards Board.
Why not the others: The ISSB issues IFRS Sustainability Disclosure Standards, not accounting standards. IESBA issues the international Code of Ethics. The IAASB issues auditing and assurance standards.
Practise more Accounting concepts, ethics and sustainability.
Free questions with an explanation for every one, and full timed ICAEW ACA Certificate Level mock tests.
More Accounting concepts, ethics and sustainability questions
- Under the IFRS Conceptual Framework, which pair are the two fundamental qualitative characteristics of useful financial information?
- A company's financial statements are prepared on the going concern basis. What does this assume?
- A sole trader pays £7,200 on 1 November for insurance covering the 12 months to 31 October the following year. The year end is 31 December.…
- Which of the following is the Conceptual Framework's definition of an asset?
- Goods are sold to a customer who has the right to require the seller to buy them back at the original price plus 10% after one year. Which c…
- Which statement about the 'true and fair view' override is correct for a company reporting under IFRS?