Day: May 26, 2020

Financial Reporting Standards were formally issued by the . . . ?

Select ONE answer:

1. the Stock Exchange.
2. the government.
3. the Accounting Standards Board.
4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct – The Stock Exchange issues rules and regulations concerning the financial statements of PLCs whose shares are listed on the exchange.
2. Not correct – The government is responsible for preparing legislation.
3. Correct
4. Not correct

 

This work is licensed under a Creative Commons Attribution 4.0 International License.