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Which are the roles of IASB? 1) Responsibility for all IFRS technical matters; 2) Publication of IFRSs; 3) Overall supervision and governance of the IFRS Advisory Council; 4) Final approval of interpretations by the IFRS Interpretations Committee
Answer: 1, 2 and 4
how is 1 & 4 roles of IASB isn’t 1) & 4) role of interpretation comittee ?
The interpretation committee exists to provide guidance to users on how to interpret the IFRS’s.
They are not responsible for producing the IFRS’s. It is the IASB who a responsible for deciding on technical matters and for checking that the interpretation committee are giving the correct guidance.
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