ACCA Applied Knowledge · Financial Accounting · The regulatory framework
Which body in the IFRS structure is responsible for appointing IASB members and securing funding for the organisation?
The IFRS Foundation Trustees appoint the IASB members and oversee governance and funding of the organisation. The Interpretations Committee and Advisory Council perform interpretive and advisory roles, and the IAASB is a separate body dealing with auditing standards.
- AIFRS Foundation TrusteesCorrect
- BIFRS Interpretations Committee
- CIFRS Advisory Council
- DInternational Auditing and Assurance Standards Board
Explanation
The Trustees govern the IFRS Foundation, appoint members of the IASB, Interpretations Committee and Advisory Council, and ensure funding. The other bodies do not hold these governance functions.
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