Which of the following bodies is responsible for reviewing new financial reporting issues and issuing guidance on the application of IFRS? ? The International Accounting Standards Board ? The IFRS Foundation ? The IFRS Interpretations Committee ? The IFRS Advisory Council
the answer given is D.
However, I feel the correct answer must be C i.e. The IFRS Interpretations Committee Please explain this to me.
Check out the IASB website and you will see the detailed roles of each body. The Interpretations Committee does not issue guidance, it interprets the rules.