What was the basic objective from IASC when was it formed
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The objectives of IASC which are set out in its revised agreement and constitution are:
(i) To formulate and publish in the public interest accounting standards to be observed in the presentation of financial statements and to promote their worldwide acceptance and observation; and
(ii) To work for the improvement and harmonisation of regulation accounting standards and procedures relating to the presentation of financial statements.
(i) To formulate and publish in the public interest accounting standards to be observed in the presentation of financial statements and to promote their worldwide acceptance and observation; and
(ii) To work for the improvement and harmonisation of regulation accounting standards and procedures relating to the presentation of financial statements.
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