Disclosures: is judgment the answer?

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. Which body has issued the Exposure Draft?

  2. Which is not identified as part of the 'disclosure problem'?

  3. What is the current situation regarding sustainability reporting?

  4. Which, if any, of the following statements is correct? Statement 1 - The current 'checklist' approach is criticised as people seem to treat it as a compliance exercise rather than effective communication, or Statement 2 - The new guidance seeks to remove judgement in the application of relevant disclosure information

  5. Which of the following standards is covered by the new proposed disclosures?

  6. Which of these is proposed under the new disclosure guidance?

  7. Which of the statements describes overall disclosure objectives?

  8. Where can the current disclosure objectives be found?

  9. Which, if any, of the following statements is correct? Statement 1 - People are concerned the new proposals are too prescriptive and will lead to more boilerplate disclosures, or Statement 2 - Compliance will be easier to measure under the new proposals

  10. At what stage is the proposal at?

1 Unit