IFRS foundation has various internal bodies. Describe the functions of these internal bodies and it’s interrelation with other national setters
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IFRS foundation has various internal bodies. Describe the functions of these internal bodies and it’s interrelation with other national setters
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- Describe the mission of the IASB.A. 62. Which of the following bodies report to the IFRS Foundation? A. The IASB and AASB.B. The IASB and the FASB.C. The IASB and the IFRS Advisory Council.D. The IASB, AASB, and the IFRS Advisory Council.Which body is primarily responsible for the establishment of GAAP in the United States? What body serves this function on an international basis?
- What is the policy function performed by bodies such as the FASB and the SEC?List and discuss the three sources of inputs to the policy-making function.Which of the following “bodies designated by Council” have been authorized to promulgategeneral standards enforceable under the General Standards Rule of the AICPA Code of Professional Conduct?a. AICPA Division of Professional Ethics.b. Financial Accounting Standards Board.c. Government Accounting Standards Board.d. Accounting and Review Services Committee.what are the requirements for government- wide statements on CAFR?