- 5 Marks
FR – May 2016 – L2 – Q3d – Role of the IASB and Standard-Setting Process
Discuss the standard-setting process adopted by the IASB.
Question
As a newly qualified accountant with The Institute of Chartered Accountants (Ghana) (ICAG), you are asked to make a short presentation to the rest of the staff in the accounting and finance department of your employer who are themselves yet to join ICAG as students about the standard-setting process adopted by the International Accounting Standards Board (IASB).
Required:
Discuss the standard-setting process as adopted by the IASB to these junior staff.
Find Related Questions by Tags, levels, etc.
- Tags: Accounting Standards, IASB, IFRS, Standard-setting process
- Level: Level 2
- Topic: Role of the IASB and Standard-Setting Process
- Series: MAY 2016
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