The process of issuing accounting standards by the IASB is:
A) establish an Advisory Committee, develop and publish Discussion Documents, develop and publish an Exposure Draft; and issue a final International Financial Reporting Standard.
B) establish an Advisory Committee, develop and publish Discussion Documents, develop and publish an Exposure Draft; issue a final International Financial Reporting Standard; and publish a Basis for Conclusions.
C) establish an Advisory Committee, develop and publish Discussion Documents, develop and publish an Exposure Draft; issue a final International Financial Reporting Standard; and publish a Basis for Conclusions; and publish dissenting opinions.
D) none of the given answers.

Question

Quizplus · Accepted Answer

The IASB follows a comprehensive process that includes establishing an Advisory Committee, developing and publishing Discussion Documents, developing and publishing an Exposure Draft, issuing a final International Financial Reporting Standard, publishing a Basis for Conclusions, and publishing dissenting opinions. This process ensures that a wide range of views and implications are considered before finalizing a standard.

The Process of Issuing Accounting Standards by the IASB Is