Multiple choice

Who assists the IASB in establishing and improving standards and reporting?

  1. IASB

  2. IFRS Committee

  3. IFRIC

  4. IFRS Advisory Council
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The IFRS Interpretations Committee (IFRIC) works with the IASB to provide timely guidance on financial reporting issues, thereby assisting in the maintenance and improvement of IFRS standards.

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