Which is not a step of developing IFRS in the process?
A)The IASB and staff set an agenda of possible issues to be addressed by IFRS.
B)A discussion paper DP)is prepared only for IASC committee review.
C)After considering all comments and additional proposals to its DP,the board may issue an exposure draft ED)
D)IASB may publish a final IFRS to be considered for adoption in the various jurisdictions

Question

Quizplus · Accepted Answer

A discussion paper (DP) is not only prepared for IASC committee review, but it is also issued for public comment and feedback. This feedback is considered by the IASB while developing the Exposure Draft (ED) and ultimately the final IFRS.

Which Is Not a Step of Developing IFRS in the Process