Which of the following bodies was set up to enhance the public accountability of the IFRS Foundation whilst not impairing the independence of the standard-setting process?
A)the IFRS Advisory Council
B)the IFRS Foundation Support Operations
C)the IASB
D)the Monitoring Board of Public and Capital Market Authorities

Question

Quizplus · Accepted Answer

The Monitoring Board of Public and Capital Market Authorities was specifically set up to enhance the public accountability of the IFRS Foundation while preserving the independence of the standard-setting process. The other options, such as the IFRS Advisory Council and the IFRS Foundation Support Operations, have roles in supporting the IFRS Foundation, but they do not have the same explicit focus on accountability and independence.

Which of the Following Bodies Was Set Up to Enhance