Which statement concerning AASB Interpretations is not correct?
A) In 2006, the AASB decided to take over the role of the Urgent Issues Group
B) The AASB has set up an Interpretations Agenda Committee comprising the chairman and two other AASB members
C) Interpretations of IASB standards made by the IFRIC are not relevant in Australia
D) None of the above, i.e., all statements are correct

Question

Quizplus · Accepted Answer

This statement is incorrect as Interpretations of IASB standards made by the IFRIC are relevant in Australia and are adopted by the AASB.

Which Statement Concerning AASB Interpretations Is Not Correct