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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?

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 Garry at Nov 22, 2025, 07:06 PM

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Arthur

2 months ago

I lean towards B) too. Historical context supports it.

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Carin

2 months ago

I feel confused. Why not D) IASB staff? They know the board well.

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Melynda

2 months ago

No way, it's definitely B) IASC Foundation. They have the authority.

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Coleen

3 months ago

I’m not sure. Could it be A) SAC? They advise on standards.

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Eura

3 months ago

I agree, B) makes sense. They oversee IASB.

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Miesha

3 months ago

I think it's B) IASC Foundation. Seems logical.

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Allene

3 months ago

Really? I always thought it was the SAC.

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Wenona

4 months ago

Yup, definitely B. Makes sense!

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Tegan

4 months ago

Wait, I thought it was the IASB staff?

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Fabiola

4 months ago

Totally agree, it's the IASC Foundation!

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Tora

4 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.

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Josefa

4 months 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

5 months ago

Haha, the IFRIC is for interpreting the standards, not appointing the IASB. Nice try, C!

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Rhea

5 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

5 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

5 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

5 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

5 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

6 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

6 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

6 months ago

I think the IASB members are appointed by the IASC Foundation, but I'm not entirely sure.

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Jade

6 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

7 months ago

B) International Accounting Standards Committee (IASC) Foundation appoints them.

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Dana

7 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

7 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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Loise

1 month ago

Good idea! Always better to double-check.

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Laura

1 month ago

I should look it up as well, just to confirm.

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Lauran

2 months ago

It makes sense since they oversee the IASB.

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Jacqueline

2 months ago

Yeah, I remember reading that too.

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Bok

6 months ago

I think you're right about the IASC Foundation.

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