What is a possible danger if politics plays too big a role in developing IFRS?
A) Financial reporting standards that are issued that are not truly generally accepted.
B) Individuals may influence the standards.
C) User groups become active.
D) The IASB delegates its authority to elected officials.

Question

Quizplus · Accepted Answer

If politics play too big a role in developing IFRS, financial reporting standards may be influenced by political interests and not necessarily reflect the true standards accepted by the financial community. This could lead to confusion and mistrust in the financial reporting system, creating potential risks to investors and stakeholders.

What Is a Possible Danger If Politics Plays Too Big