Performance metrics come under Financial Reporting Lab's microscope

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 makes the performance metrics project different to prior Lab projects?

  2. Why did the Lab choose to seek only one stakeholder view?

  3. What is a performance metric?

  4. What was one of the key findings of the Lab's project?

  5. Which of these has not been a Lab project in the past?

  6. Which of these is not a principle for reporting performance metrics?

  7. How can management convince investors that a metric is reliable?

  8. What does consistency mean in the context of the Lab's principles?

  9. Which of these is not an assessment investors will make when they consider whether a metric aligns with strategy?

  10. What will the second phase of the project do?