Question

Which body of the IFRS Foundation provides a link between the Foundation and public authorities and...

Which body of the IFRS Foundation provides a link between the Foundation and public authorities and also approves the appointment of IFRS Foundation Trustees?

The IFRS Interpretations Committee

The Monitoring Board

The International Accounting Standards Board

The IFRS Advisory Council

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Answer #1

The Montoring Board provides a link between the Foundation and public authorities and also approves the appointment of IFRS Foundation Trustees.

The IFRS Montoring Biard was created in 2009.

The Monitoring Board will approve appointment of IFRS trustee and Monitor their activity that trustee discharging their duty or not. The Monitoring Board will me trustee of IFRS at least once in the year.

The Montoring Board provides Link between the Foundation and public authorities to make IFRS institution more Accountable and Transferable.

Option C is correct answer.

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