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

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

13 days ago

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

upvoted 0 times

...

15 days 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!

upvoted 0 times

2 days ago

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

upvoted 0 times

...

16 days ago

Jenna

upvoted 0 times

...

22 days ago

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

upvoted 0 times

...

23 days ago

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

upvoted 0 times

...