Financial reporting issues post Brexit

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 re-read the article before attempting the questions again

  1. What is certain in the Brexit negotiations?

  2. How will Brexit impact UK reporting regulations?

  3. Will UK listed companies have to revert to UK GAAP?

  4. Why is the UK expected to lose influence over IFRS endorsement post-Brexit?

  5. What would be the downside to a UK endorsement mechanism of IFRS?

  6. What other regulatory issues does the UK departure from the EU raise?

  7. The EC is considering the role of which body?

  8. How could IFRS change once the UK leaves the EU?

  9. The Accounting Regulatory Committee provides opinion on IFRS to which EU body?

  10. Besides the UK government, who else can provide clarity on reporting issues?