The International Accounting Standards Board (IASB) develops international standards  by means of a "due process". The main stages of this process are listed in the Preface to  International Financial Reporting Standards. The Preface also states the objectives of  the IASB and explains the scope of international standards.

(a) State the objectives of the IASB.

(b) Explain the scope of international financial reporting standards and international accounting standards.

(c) List the main stages of the IASB due process.