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    Question

    What is the purpose of International Financial Reporting Standards (IFRS)?

    A Regulating financial markets Correct Answer Incorrect Answer
    B Providing a global framework for financial reporting Correct Answer Incorrect Answer
    C Controlling interest rates Correct Answer Incorrect Answer
    D Managing exchange rates Correct Answer Incorrect Answer
    E Setting monetary policy Correct Answer Incorrect Answer

    Solution

    IFRS provides a global framework for financial reporting, ensuring consistency, transparency, and comparability of financial statements across countries.

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