Which of the following bodies report to the IFRS Foundation?
A) The IASB and AASB
B) The IASB, AASB and the IFRS Advisory Council
C) The IASB and the FASB
D) The IASB and the IFRS Advisory Council

Question

Quizplus · Accepted Answer

The International Financial Reporting Standards (IFRS) Foundation oversees the International Accounting Standards Board (IASB) and the IFRS Advisory Council. The Australian Accounting Standards Board (AASB) and the Financial Accounting Standards Board (FASB) operate independently of the IFRS Foundation, with the AASB aligning Australian standards with IFRS and the FASB setting standards in the United States.

Which of the Following Bodies Report to the IFRS Foundation