Which of the following statements is false?

a. IASB has no enforcement authority for the company's adoption of international accounting standards.

b. FASB is not a member of IASB.

c. On Dec. 17, 2003, IASB published the revised international accounting standards.

d. To list their securities in the US markets, all foreign companies must recast their financial statements based on International Accounting Standards.

Answer rating: 100% (QA)

Answer Option B FASB is not a member of IASB Explanation The International Ac... View the full answer