Which of the following does NOT describe a step in the IASB's standard-setting process?
A) appointing trustees to the IFRS Foundation
B) development of an exposure draft
C) provision of strategic advice by the IFRS Advisory Council
D) public consultation

Question

Quizplus · Accepted Answer

Appointing trustees to the IFRS Foundation is not a specific step in the IASB's standard-setting process. Trustees are responsible for overseeing the work of the IASB and ensuring its independence, but they do not play a direct role in developing and issuing new accounting standards. The other options (B, C, and D) are all steps in the standard-setting process.

Which of the Following Does NOT Describe a Step in the IASB's