JAMB - Accounts Principles Of Accounts (2019 - No. 35)

Accounting standards are issued at the International level by the
Standards Advisory Council
International Accounting Standards Board
Nigerian Accounting Standards Board
Standing Interpretations Committee

Explanation

Accounting standard is a statement issued by the appropriate standard - setting body locally or internationally on a specific area or topic in Financial Accounting.
Accounting standards are issued at the International level by the International Accounting Standards Board (IASB) - formerly International Accounting Standards Committee (IASC).

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