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Hi sir,
Which of the following is NOT a duty of the IFRS Interpretations Committee?
a. To interpret the application of International Financial Reporting Standards
b. To work directly with national standard setters to bring about convergence with IFRS
c. To provide guidance on financial reporting issues not specifically addressed in IFRSs
d. To publish draft interpretations for public comment
The given answer is b.
I have studied a, b and c are Duties of interpretations committee.
d is the duty of IFRS advisory council.
Could you kindly advice me on this please?Apologies sir,
According to BPP
a,b,c- Interpretation Committee
d- IASB
b- is also kind of IASB since they involve in the development of discussion papers and Exposure draft .IASB liaison members work with national standard setters to promote convergence of IFRS standards.
My concern is where should I categorise b and d (IFRS interpretation committee or IASB)
Thanks
Hi,
I’d stick with what you have seen in the answer to the question as it is correct what is stated.
Thanks
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