The publication of a standard,exposure draft or final SIC interpretation requires approval by:
A) the chairman of the IASB
B) a simple majority of the IASB's 14 members
C) nine of the IASB's 14 members
D) 12 of the IASB's 14 members

Question

Quizplus · Accepted Answer

According to the International Financial Reporting Standards (IFRS) Foundation Constitution, any standard or interpretation published by the International Accounting Standards Board (IASB) must be approved by at least nine of the 14 members of the IASB. This includes exposure drafts or final SIC interpretations. Therefore, option C is the correct answer.

The Publication of a Standard,exposure Draft or Final SIC Interpretation