Question

Role of iasb in the development of regulatory framework of ifrs

Answer 1

Answer:

The IASB's role is the preparation and issuing of IFRSs (other than Interpretations) and exposure drafts, following the due process stipulated in the Constitution. the approval and issuing of Interpretations developed by the IFRS Interpretations Committee

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Answer 2

Explanation:

Heinz Weihrich and Harold Koontz define decision-making as, “Decision-making is defined as the selection of a course of action among alternatives; it is the care of planning.” In the organisation, the managers are responsible for making decisions and solving problems.