Bearing in mind that Section 5.5.2 of this chapter was written in 2015, rewrite it in the context of the time when you read this book.

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5.5.2 Influence of the IASB The importance of the IASB's work can be seen in three major areas: adoption of IFRSS as national rules; influence on national rule-makers; voluntary adoption of IFRSS by companies. In several Asian and African countries of the (British) Commonwealth, interna- tional standards were adopted exactly or approximately by national standard