Which of the following statements is false?
A) The IFRS Advisory Council is directly accountable to the Monitoring Board.
B) Australia adopted international accounting standards issued on or after 1 January 2005.
C) The IASB and IFRS Interpretations Committee are appointed and overseen by a geographically and professionally diverse group called the IFRS Foundation Trustees.
D) The IASB is an independent standard-setting board that develops and approves International Financial Reporting Standards.

Question

Quizplus · Accepted Answer

The IFRS Advisory Council is not directly accountable to the Monitoring Board. Instead, it provides advice and counsel to the IASB and the Trustees of the IFRS Foundation.

Which of the Following Statements Is False