- CFA Exams
- CFA Level I Exam
- Study Session 6. Financial Reporting and Analysis (1)
- Reading 20. Financial Reporting Standards
- Subject 2. Financial Reporting Standard-Setting Bodies and Regulatory Authorities
CFA Practice Question
The role of the IASB is to ______
II. publicize international accounting standards.
III. encourage observance of international accounting standards.
I. formulate international accounting standards.
II. publicize international accounting standards.
III. encourage observance of international accounting standards.
A. I and II
B. I and III
C. I, II and III
User Contributed Comments 2
| User | Comment |
|---|---|
| saher701 | Isn't encourage observance the duty of regulatory authority? |
| cfastudypl | The word 'encourage' makes the option correct. If it were regulatory authority, the word 'enforce' will be used. |