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  3. which of the following is not a true statement?

Which of the following is not a true statement? In 2001, the International...

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Accounting

Which of the following is not a true statement?
In 2001, the International Accounting Standards Board (IASB) replaced the International Accounting Standards Committee(IASC) as the international accounting standard setter.
International Financial Reporting Standards (IFRS) and Interpretations of International Reporting Standards (IFRIC Interpretations)have the same authority.
The International Accounting Standards (IAS) set by the International Accounting Standards Committee (IASC) are no longer authoritative.
The IASB released a special set of accounting standards for small and medium-sized entities.

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