To create an appropriate mix of members of the IASB, since 2012 the board includes:

Question

Quizplus · Accepted Answer

To create an appropriate mix of members, since 2012 the IASB board includes a diverse geographical balance of members. This ensures that the standard-setting process considers input from a range of perspectives and reflects different economic and social contexts. The other options, such as eight auditors or academic representatives, may not necessarily provide the same level of diversity and may have a more narrow focus. The inclusion of members of the FASB may also be helpful, but it is not as critical as the need for a diverse geographical mix.

To Create an Appropriate Mix of Members of the IASB