IASB Structure:
1. Guardian body
2. IASB Council
3. Standard Advisory Board
4. International Financial Reporting Interpretation Committee (IFRIC)
Explanation
The International Accounting Standard Board (IASB) is an independent institution forming international financial reporting standards (IFRS). The International Accounting Standard Board was established in 1973. It aims to achieve the harmonization of accounting procedures and standards throughout the world.
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Details:
Grade: Middle School
Subject: Business
Keyword: IASB, IFRS
