Chapter 9, Problem 2UTI

To determine

International Accounting Standards Committee foundation:

The International Accounting standards committee foundation was formed in the year 1973, as a clear identity of the international accounting standard board that has its roots in London.

International Accounting standards committee include:

• The Trustees.
• The Board
• The Standing Interpretation Committee
• The Standard Advisory Council.

The objectives of the International Accounting standards committee foundation, and whether FASB support the objective.