Which of the following is the responsibility of the International Financial Reporting Standards Interpretations Committee?
A . The development and publication of new international financial reporting standards.
B . To provide a forum for interested parties to participate in the formulation of international financial reporting standards.
C . To provide authoritative guidance on the application of international financial reporting standards where conflicting practice has developed.
D . To advise the International Accounting Standards Board on the agenda and priorities for future work.
Answer: C