Whether or not IFRS has had a positive effect on accounting quality is conditional on country-level institutions including which of the following A. Average education level B. Wealth of the country C. Religion D. Enforcement Strength

What term is used to describe the process involving revising existing goals and adopting new goals? A. Strategy formulation B. Strategic planning C. Strategy implementation D. Capital budgeting

What is the primary focus of IAS 1? A. To establish the guidelines for financial statement presentation B. To provide guidance to first-time adopters of IFRS issued by the IASB C. To establish the framework of guidelines to be used by IASB in setting accounting standards D. None of the above