Question $16(5$ points$)$

Saved

Which of the following statements is true about the International Accounting Standards Board $($IASB$)?$

A$)$ The SEC has delegated full authority to the IASB to set accounting standards in the United States.

B$)$ The IASB is a publicly supported organization that oversees the IFRS.

C$)$ The goal of the IASB is to develop multiple sets of high quality, unded tandable$,$ enforceable, and nationally accepted financial reporting standards based on clearly articulated principles.

D$)$ The IASB has been working with the FASB in recent years to achieve convergence of international financial reporting standards $($IFRS$)$ and US GAAP.