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Explain how the Australian Accounting Standards Board take part in the global accounting standard setting process (i.e. in setting IFRS). Why is the IFRS set by the International Accounting Standards Board (IASB) not compulsory for the member countries of IASB?<\/p>", "transcribed_text": "", "related_book": { "title": "Numerical Analysis", "isbn": "538733519, 978-1133169338, 1133169333, 978-0538733519", "edition": "9th edition", "authors": "Richard L. Burden, J. Douglas Faires", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/731.jpg", "uri": "\/textbooks\/numerical-analysis-9th-edition-731", "see_more_uri": "" }, "free_related_book": { "isbn": "73401331", "uri": "\/textbooks\/statistics-for-engineers-and-scientists-4th-edition-1693", "name": "Statistics For Engineers And Scientists", "edition": "4th Edition" }, "question_posted": "2024-06-17 16:00:10", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/by-expansion-in-cartesian-coordinates-prove-a-the-relation-for-the", "description": "By expansion in Cartesian coordinates, prove: (a) The relation for the scalar triple product given by (3.29), and (b) The relation for the vector triple product given by (3.33).", "stars": 3 }, { "url": "\/study-help\/marketing-strategy-planning\/confirm-626-by-using-625-626-625-1669396", "description": "Confirm (6.26) by using (6.25). 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