Question

explain the functions of IASB(IASC)​

Answer 1

Answer:

International Accounting Standard Board (IASB) is an independent, private-sector body (previously known as IASC), based in London. IASB is committed to develop and approve a single set of global accounting standards (that is known as International Financial Reporting Standards), which require transparent and comparable information in general purpose of financial statements

Explanation:

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Answer 2

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The function of IASB is to develop a single set of high quality , understandable and enforcement accounting standard that require high quality, transparent and comparable information in financial statements as well as in the other financial reporting to help users of the financial statements to participate in .

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