- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Activity 2: Roles of the IASB
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.