e. Roberta Hernandez, CPA, a US-based company that has significant portion of its operations in several South American countries. Certain government provisions in selected countries require the company to file financial kink- statements based on international standards. Roberta oversees the issuance of the companys financial statements and asserts that the statements are based on inter national financial accounting standards, however, the standards she uses are those issued by the International Accounting Standards Board.