1- The IASBs Body that Appoints members of Board is A- Trustees B- IASB board C- Standards advisory council D- International Financial Reporting Interpretations Committee 2- The exchange rate that is prevailing when a foreign currency asset was first acquired or a foreign currency liability first incurred, is: A- Historical exchange rate B- Current exchange rate C- Both a and b D- None of the above answers is correct answer 3- To achieve international comparability in financial reporting is the objective of: A- Harmonization B- Convergence C- Both harmonization and convergence D- None of the above answers is correct answer 4- Increased agreement in actual accounting practices is: A-harmonization in accounting standardization B- Harmonization in accounting practice C- Both a and b D-Done of the above answers is correct answer 5-within the context of accounting harmonization, IOSCO stands for: A- International Organization of Securities Commissions B- International Organization of Standardization Committee C- Both a and b D- None of the above answers is correct answer