Governments including the Australian government have direct control over the determination of IFRS content.

Name: Governments including the Australian government have direct control over the determination of IFRS content.
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The International Accounting Standards Board (IASB) is an independent body that develops and sets International Financial Reporting Standards (IFRS). While governments may adopt and enforce IFRS, they do not have direct control over its content.

Governments Including the Australian Government Have Direct Control Over the Determination