Worldatwork Exam T7 Topic 2 Question 74 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 74
Topic #: 2

[All T7 Questions]

Which statement below most accurately describes a primary purpose of the Standards Advisory Council (SAC)?

AInforms International Accounting Standards Board (IASB) of implications of proposed standards

BAppoints International Accounting Standards Board (IASB) members

CApproves principles-based standards but does not issue detailed application guidelines

DHas the sole responsibility for setting standards

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Suggested Answer: A

by Andra at Sep 01, 2023, 08:48 AM

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3 days ago

I think the primary purpose of SAC is to inform IASB of implications of proposed standards.

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