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Q 130 What are the functions of the conceptual framework under IFRS? Q 131 What is the standard-setting body responsible for determining IFRS? How does

Q 130 What are the functions of the conceptual framework under IFRS?

Q 131 What is the standard-setting body responsible for determining IFRS? How does it obtain its funding?

Q 132 In its Final Staff Report (issued in 2012), what type of convergence between U.S. GAAP and IFRS did the SEC staff argue was not feasible? What reasons did the SEC staff give for that conclusion?

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