1. The Red Book includes all IFRS standards and interpretations, including those not yet effective, and related appendices (such as the standard setters basis for conclusions). True or False

2.

What is the role of the IFRS Foundations Monitoring Board and its Trustees?

	a	The Trustees of the IFRS Foundation provides for the formal interaction between the IFRS Foundation and individuals representing the capital markets authorities it serves.
	b	The Trustees of the IFRS Foundation appoint IASB and IFRS Interpretations Committee members.
c		The IFRS Foundation Monitoring Board provide governance over the independence, funding, and processes of the IASB.
d		All of the above