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The purpose of the International Accounting Standards Board is to issue enforceable standards which regulate the financial accounting and reporting of multinational corporations. arbitrate accounting

The purpose of the International Accounting Standards Board is to

issue enforceable standards which regulate the financial accounting and reporting of multinational corporations.

arbitrate accounting disputes between auditors and international companies.

develop a uniform currency in which the financial transactions of companies through-out the world would be measured.

promote uniform accounting standards among countries of the world.

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