The International Accounting Standards Committee Foundation (IASCF) oversees a number of other International committees, two of which

Question:

The International Accounting Standards Committee Foundation (IASCF) oversees a number of other International committees, two of which are the Standards Advisory Council (SAC) and the International Financial Reporting Interpretations Committee (IFRIC).
Required:
Explain the role of the SAC and the IFRIC in assisting with developing and implementing Inter-national Financial Reporting Standards.