Question Details

Which of the following organizations selects members for the IASB 


1.	Which of the following organizations is not among the four international standard-setting organizations?
a.	The International Accounting Standards Committee Foundation (IASCF)
b.	The Standards Advisory Council (SAC)
c.	The International Financial Reporting Interpretations Committee (IFRIC)
d.	The Financial Executives Institute (FEI)

2.	Which of the following organizations selects members for the IASB ?
a.	The Accounting Standards Committee Foundation
b.	The Standards Advisory Council
c.	The International Financial Reporting Interpretations Committee
d.	The International Accounting Standards Committee Foundation

3.	The IASB consists of _________ part-time members.
a.	seven
b.	two
c.	three
d.	five

4.	The purpose of the International Accounting Standards Board is to:
a.	regulate stock prices at the international level.
b.	develop a uniform currency in which the financial transactions occur.
c.	develop a single set of high-quality financial reporting standards.
d.	arbitrate accounting disputes between auditors and international companies.





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