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Roles of the IASB

TThuong5y ago
Hi, I saw this one question in BPP workbook for Sep20 - Jun21 exams: "Which is the body responsible for reviewing new financial reporting issues and issuing guidance on the application of IFRS?" From previous text I read in the book, I thought the answer would be "IFRS Interpretation Committee", but then in the answer part of BPP book, it said "IFRS Advisory Council". I'm a little confused. Could you help explain on this please? Thank you in advance.
P2-D2P2-D2Tutor5y ago#1
Hi, it is a bit of trick question as the answer is correct. You can see the specific role of the IFRS Interpretations Committee here - https://www.iasplus.com/en/resources/ifrsf Thanks
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