Multiple Choice
The role of the European Financial Reporting & Advisory Group (EFRAG) does NOT include:
A) Providing proactive advice to the IASB
B) Advising the European Commission on the acceptability of IFRSs for endorsement in Europe
C) Advising the European Commission on the economic impact of particular IFRSs
D) Advising the European Commission on any resulting changes to be made to the Accounting Directives and related topics
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The International Accounting Standards Committee is the
Q2: An EU Directive is a binding agreement
Q3: When the IASB issues standards and interpretations
Q5: The period allowed for commentary on an
Q6: 'Harmonization' applies the imposition of a rigid
Q7: The 7<sup>th</sup> directive extended the 4<sup>th</sup> Directive
Q8: In which year did it become mandatory
Q9: Some Member States (notably France & Belgium)prohibit
Q10: For any particular topic,it is not possible