Page 77 - F1 Integrated Workbook STUDENT 2018
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The regulatory environment





                           THE IFRS Foundation®




                    IFRS Foundation® – responsible for appointing members of IASB, IFRS
                     Interpretations Committee and IFRS Advisory Council.

                    IFRS Advisory Council® – gives advice to the IASB on agenda and priorities
                     in its work and gives other advice to the board or trustees.

                    International Accounting Standards Board® (IASB)  – has complete
                     responsibility for all IASB technical matters including the preparation and
                     publication of IFRSs, Exposure Drafts, withdrawal of IFRSs and final
                     interpretations by the IFRS Interpretations Committee.

                    IFRS Interpretations Committee® – assists the IASB by reviewing accounting
                     issues that are likely to receive divergent or unacceptable treatment in the
                     absence of authoritative guidance.



















































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