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Which body has the sole responsibility for setting standards?

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Which body has the sole responsibility for setting standards?

A.

Standards Advisory Council (SAC)

B.

International Accounting Standards Board (IASB)

C.

International Financial Reporting Interpretations Committee (IFRIC)

D.

Accounting Principles Board (APB)

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  • Product: T7
  • Update on: Dec 7, 2025
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TESTED 07 Dec 2025