Question: Case 3-3 The Purpose and Objectives o the IASB The International Accounting Standards Committee (IASC) was ormed in 1973. In 2001 the IASC was replaced

Case 3-3 The Purpose and Objectives o the IASB The International Accounting Standards Committee (IASC) was ormed in 1973. In 2001 the IASC was replaced by the International Accounting Standards Board (IASB). Required: a. What was the purpose o the IASB? b. How does the IASC attempt to achieve these objectives? need 2 references

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1. To gain insight into how a communication situation can be framed to maximize impact.

2. We can change the use and meaning of the concepts and thereby the meaning of the social reality to which they refer.