Worldatwork Exam T7 Topic 2 Question 87 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 87
Topic #: 2

[All T7 Questions]

Who appoints International Accounting Standards Board (IASB) members?

AStandards Advisory Council (SAC)

BInternational Accounting Standards Committee (IASC) Foundation

CInternational Financial Reporting Interpretations Committee (IFRIC)

DInternational Accounting Standards Board (IASB) staff

Show Suggested Answer

Suggested Answer: B

by Linette at May 09, 2024, 03:06 PM

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Melodie

2 months ago

Yes, I agree. It's important for the IASB members to be appointed by a body that is separate from the IASB itself.

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Chaya

2 months ago

The IASB is like a family reunion, where the IASC Foundation gets to choose who's invited. B is the correct answer, no doubt!

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Pa

1 months ago

Without proper oversight, the standards could become inconsistent and unreliable.

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Vilma

1 months ago

Yes, the IASC Foundation plays a crucial role in ensuring the integrity of the IASB.

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Lenna

2 months ago

It's important to have the right people in charge of setting international accounting standards.

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Carman

2 months ago

I agree, the IASC Foundation is the one who appoints IASB members.

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Hui

2 months ago

Jenna

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Jenise

3 months ago

I think that makes sense because the IASC Foundation oversees the IASB and ensures its independence.

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Melodie

3 months ago

B) International Accounting Standards Committee (IASC) Foundation appoints IASB members.

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