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Which one of the following is not a background or qualification requirement for full-time IASB members?...

Which one of the following is not a background or qualification requirement for full-time IASB members? Multiple Choice Professional competence. Attain 10 years of auditing experience. Practical experience. Cease holding positions which might call into question their independence. Sever relationship with former employers.

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Answer #1

The Answer is attain 10 years of auditing experience. This not a required qualification or background.

Either IFRS foundation constitution or its annex of qualifications for IASB board members has not specified any minimum period of or time frame for auditing experience.

Professional or technical competence is needed background or qualification.

Practical experience in the related or academic field is needed.

Independnce and integrity is needed.

Full time work with IFRS foundation is needed so has to sever working relationships with former employers.

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