Accounting standards are issued at the International level by the
A. Standards Advisory Council B. International Accounting Standards Board C. Nigerian Accounting Standards Board D. Standing Interpretations Committee
Correct Answer: B
Explanation
Accounting standard is a statement issued by the appropriate standard - setting body locally or internationally on a specific area or topic in Financial Accounting. Accounting standards are issued at the International level by the International Accounting Standards Board (IASB) - formerly International Accounting Standards Committee (IASC).
