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Worldatwork T7 Exam - Topic 1 Question 117 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 117
Topic #: 1
[All T7 Questions]

Who appoints International Accounting Standards Board (IASB) members?

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Suggested Answer: B

by Garry at Nov 22, 2025, 07:06 PM

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Allene
Really? I always thought it was the SAC.
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Wenona
19 days ago
Yup, definitely B. Makes sense!
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Tegan
24 days ago
Wait, I thought it was the IASB staff?
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Fabiola
29 days ago
Totally agree, it's the IASC Foundation!
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Tora
1 month 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.
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Josefa
1 month ago
Wait, the Standards Advisory Council (SAC) advises the IASB, but they don't appoint the members. B is the way to go.
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Merissa
1 month ago
Haha, the IFRIC is for interpreting the standards, not appointing the IASB. Nice try, C!
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Rhea
2 months ago
I'm pretty sure the IASB staff don't appoint the IASB members, so D is definitely wrong.
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Jacob
2 months ago
The IASB members are appointed by the International Accounting Standards Committee (IASC) Foundation, so B is the correct answer.
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Wilford
2 months ago
I’m a bit confused; I thought the IASB staff had a role in the process, but now I’m questioning that.
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Arlette
2 months ago
This question seems familiar; I feel like I practiced something similar where the IASC Foundation was mentioned as the appointing body.
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Dana
2 months ago
I remember something about the Standards Advisory Council, but I don't think they actually appoint the members.
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Alpha
3 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.
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Inocencia
3 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.
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Nydia
3 months ago
I think the IASB members are appointed by the IASC Foundation, but I'm not entirely sure.
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Jade
3 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.
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Terrilyn
4 months ago
B) International Accounting Standards Committee (IASC) Foundation appoints them.
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Dana
4 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.
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Galen
4 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.
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Bok
3 months ago
I think you're right about the IASC Foundation.
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