International Financial Reporting
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Questions and Answers

Which organization was responsible for issuing accounting standards before the AICPA?

  • CAP (correct)
  • APB
  • IASC
  • IFAC
  • What is the abbreviation for the organization that issued the US GAAP?

  • SFAS (correct)
  • APB
  • IFAC
  • IASC
  • In which year was the IASC (International Accounting Standards Committee) established?

  • 1988
  • 1914
  • 1934
  • 1973 (correct)
  • Which organization is responsible for setting accounting standards in the USA?

    <p>FASB</p> Signup and view all the answers

    Which organization has professionals from the IASC?

    <p>IFAC</p> Signup and view all the answers

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