3 Questions
ICSI has issued accounting standard
True
IFRS is the only accounting standard followed globally
False
GAAP stands for Generally Accepted Accounting Principles
True
Study Notes
Accounting Standards
- ICSI (Institute of Company Secretaries of India) has issued an accounting standard
Global Accounting Standard
- IFRS (International Financial Reporting Standards) is the only accounting standard followed globally
GAAP
- GAAP stands for Generally Accepted Accounting Principles
Test your knowledge of accounting standards with this quiz. Learn about ICSI's accounting standard, the global adoption of IFRS, and the significance of GAAP in the world of accounting.
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