IASB lays out plans

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. How many new standards are proposed?

  2. Which two standards are to be issued around Easter 2024?

  3. Which, if any, of the following statements are true? Statement 1, IFRS 19 will look at subsidiaries without public accountability, or Statement 2, IFRS 19 is likely to reduce some disclosures for subsidiaries without public accountability

  4. IFRS 19 replaces which standard?

  5. If IFRS 20 is implemented, which standard will it replace?

  6. What is the main focus of the Business Combinations, Disclosures, Goodwill and Impairment project?

  7. What is proposed under the climate-related and other uncertainties project?

  8. Which of these statements is true? Statement 1, work on intangible assets is projected to begin in 2024, or Statement 2, work on cashflows is projected to begin in 2024

  9. Which of the following projects is being ceased?

  10. Which, if any, of the following statements is correct? Statement 1, the Business Combinations under Common Control project is planned to cease, or Statement 2, the Management Commentary project is planned to cease

1 Unit