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Who appoints International Accounting Standards Board (IASB) members?
Suggested Answer: B
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30 comments · newest first
AR
Arthur
7 months ago
I lean towards B) too. Historical context supports it.
CA
Carin
7 months ago
I feel confused. Why not D) IASB staff? They know the board well.
ME
Melynda
7 months ago
No way, it's definitely B) IASC Foundation. They have the authority.
CO
Coleen
7 months ago
I’m not sure. Could it be A) SAC? They advise on standards.
EU
Eura
7 months ago
I agree, B) makes sense. They oversee IASB.
MI
Miesha
7 months ago
I think it's B) IASC Foundation. Seems logical.
AL
Allene
8 months ago
Really? I always thought it was the SAC.
WE
Wenona
8 months ago
Yup, definitely B. Makes sense!
TE
Tegan
8 months ago
Wait, I thought it was the IASB staff?
FA
Fabiola
9 months ago
Totally agree, it's the IASC Foundation!
TO
Tora
9 months ago
This is a piece of cake! The IASC Foundation is the one who appoints the IASB members. B is the correct answer, no doubt about it.
JO
Josefa
9 months ago
Wait, the Standards Advisory Council (SAC) advises the IASB, but they don't appoint the members. B is the way to go.
ME
Merissa
9 months ago
Haha, the IFRIC is for interpreting the standards, not appointing the IASB. Nice try, C!
RH
Rhea
9 months ago
I'm pretty sure the IASB staff don't appoint the IASB members, so D is definitely wrong.
JA
Jacob
9 months ago
The IASB members are appointed by the International Accounting Standards Committee (IASC) Foundation, so B is the correct answer.
WI
Wilford
10 months ago
I’m a bit confused; I thought the IASB staff had a role in the process, but now I’m questioning that.
AR
Arlette
10 months ago
This question seems familiar; I feel like I practiced something similar where the IASC Foundation was mentioned as the appointing body.
DA
Dana
10 months ago
I remember something about the Standards Advisory Council, but I don't think they actually appoint the members.
AL
Alpha
10 months ago
Ah, I think I know the answer to this. If I recall correctly, the IASC Foundation, which oversees the IASB, is the one that appoints the IASB members. I'll mark option B.
IN
Inocencia
10 months ago
I'm feeling pretty confident about this one. I remember from our discussions that the IASC Foundation is responsible for appointing the IASB members, so I'll go with option B.
NY
Nydia
10 months ago
I think the IASB members are appointed by the IASC Foundation, but I'm not entirely sure.
JA
Jade
11 months ago
Okay, I've got a strategy for this. The question is asking about the governance structure of the IASB, so I'll focus on remembering the different bodies involved and their roles. I'm leaning towards option B, but I'll review my notes to confirm.
TE
Terrilyn
11 months ago
B) International Accounting Standards Committee (IASC) Foundation appoints them.
DA
Dana
11 months ago
Hmm, I'm a little confused on this one. I know the IASB is responsible for setting the international accounting standards, but I can't recall who is responsible for appointing its members. I'll have to think this through carefully.
GA
Galen
11 months ago
I'm pretty sure the IASC Foundation appoints the IASB members, but I'll double-check that in the reference materials just to be sure.
LO
Loise
6 months ago
Good idea! Always better to double-check.
LA
Laura
6 months ago
I should look it up as well, just to confirm.
LA
Lauran
6 months ago
It makes sense since they oversee the IASB.
JA
Jacqueline
6 months ago
Yeah, I remember reading that too.
BO
Bok
11 months ago
I think you're right about the IASC Foundation.