The website of the IASB (as accessed in 2013) states:

The IASB is the independent standard-setting body of the IFRS Foundation. Its members are responsible for the development and publication of IFRSs, including the IFRS for SMEs and for approving Interpretations of IFRSs as developed by the IFRS Interpretations Committee (formerly called the IFRIC). All meetings of the IASB are held in public and webcast. In fulfilling its standard-setting duties the IASB follows a thorough, open and transparent due process of which the publication of consultative documents, such as discussion papers and exposure drafts, for public comment is an important component. The IASB engages closely with stakeholders around the world, including investors, analysts, regulators, business leaders, accounting standard-setters and the accountancy profession.
Do you believe that the IASB will always act in an ‘independent’ manner. Further, will the ‘engagement with various stakeholders around the world’ have any potential implications for claims that IFRS are developed to provide financial information that is representationally faithful? Clearly identify the theoretical basis that you have applied in arriving at your answer.