Which of the Following Statements Is False

question 17

Multiple Choice

Which of the following statements is false?

• A) The IFRS Advisory Council is directly accountable to the Monitoring Board.
• B) Australia adopted international accounting standards issued on or after 1 January 2005.
• C) The IASB and IFRS Interpretations Committee are appointed and overseen by a geographically and professionally diverse group called the IFRS Foundation Trustees.
• D) The IASB is an independent standard-setting board that develops and approves International Financial Reporting Standards.

---

Definitions:

Management Representation

Involves higher-level managers or executives representing the interests and policies of the management, often in negotiations or organizational communications.

Non-smoking Employees

Workers who do not engage in the act of smoking tobacco or using smoking-related products, potentially contributing to a healthier workplace environment.

Health Care Costs

The expenses associated with medical treatment and services, including insurance premiums, medications, and procedures.

Absenteeism

Refers to the habitual non-attendance of employees at their jobs without valid reasons.