1.【单选题】Which of the following statements is/are true?
1 IASB is an independent, privately funded body that develops and approves IFRSs.
2 The IFRS Foundation produces IFRSs. The IFRS Foundation is overseen by the IASB.
3 One of the objectives of the IFRS Foundation is to bring about convergence of national accounting standards and IFRSs.
4 The IFRS Interpretations Committee is a forum for the IASB to consult with the outside world.
A. 1 and 3 only
B. 2 and 3 only
C. 1 and 4 only
D. 2 and 4 only
2.【单选题】What is the duty of the IASB?
A. Review and update defective accounts
B. Formulate international financial reporting standards
C. Oversee the standard setting and regulatory process
D. Promote the use and rigorous application of those standards