The publication of a standard,exposure draft or final IFRIC interpretation requires approval by:
A)the chairman of the IASB
B)a simple majority of the IASB's 14 members
C)nine of the IASB's 14 members
D)12 of the IASB's 14 members

Question

Quizplus · Accepted Answer

The publication of a standard, exposure draft or final IFRIC interpretation requires approval by nine of the IASB's 14 members. This is stated in the IASB's Due Process Handbook, which outlines the procedures and criteria the IASB follows in developing and issuing International Financial Reporting Standards (IFRSs).

The Publication of a Standard,exposure Draft or Final IFRIC Interpretation