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The International Accounting Standards Committee (IASC) Preceded the current International Accounting Standards Board (IASB) and was replaced by the IASB in 2001Was preceded by the International Accounting Standards Board (IASB); in other words, the IASC replaced the IASB in 2001is the committee responsible for issuing interpretations of IFRScontinues to set global standards today, alongside the IASB

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