Question on: JAMB Accounting - 2019

Accounting standards are issued at the International level by the

A

Standards Advisory Council

B

International Accounting Standards Board

C

Nigerian Accounting Standards Board

D

Standing Interpretations Committee

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Correct Option: B

An accounting standard is a common set of principles, standards and procedures that define the basis of financial accounting policies and practices

Accounting standards are issued at the International level by the International Accounting Standards Board (IASB)

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