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QUESTION

1. Which standards board issues Consultation Papers before Exposure Drafts?

1.     Which standards board issues Consultation Papers before Exposure Drafts?

a.      FASB

b.     IASB

c.      FASB and IASB

d.     GASB

2.     Which project of the IPSASB of those listed was completed most recently?

a.     Government Business Enterprises

b.     Service Concession Arrangements

c.      Leases

d.     Public Sector Measurement

3.     What is the most recent IAASB Standard about?

a.      Clarity in audit reports

b.     Bringing the auditing standards into alignment with changes in the IESBA code

c.      Quality control

d.     Revision of the framework for international accounting education.

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