Case 3-3 The Purpose and Objectives of the IASB The International Accounting Standards Committee (IASC)...
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Accounting
Case 3-3 The Purpose and Objectives of the IASB
The International Accounting Standards Committee (IASC) was formed in 1973. In 2001 the
IASC was replaced by the International Accounting Standards Board (IASB).
Required:
a.
What was the purpose of the IASB?
b.
How does the IASC attempt to achieve these objectives?
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