IFRS projects in progress

How many members are on the board of the ISSB?

10

20

14

16

How many exposure drafts have been issued by the ISSB to date?

3

2

1

4

When is an update due on the ISSB's exposure drafts?

Quarter 4 of 2022

Quarter 1 of 2023

January 2023

Quarter 3 of 2023

Which of the following statements are true about the proposed primary financial statements project? Statement 1 - It will result in a new IFRS accounting standard. Statement 2 - There are changes to the presentation in the statement of profit or loss.

Neither statement is true

Both statements are true

Only statement 2 is true

Only statement 1 is true

Which of these is a proposed change to the statement of profit or loss under the primary financial statements project?

No changes are proposed

Further disaggregation of other comprehensive income

Revenue will split into two lines

The inclusion of an operating profit subtotal

What is the other project where the next step is a new IFRS accounting standard?

Extractive industries

Disclosures for subsidiaries without public accountability

Businesses under common control

Intangible assets

Which standards were covered by the recently completed post-implementation review?

IFRS 13 and 17

IFRS 10, 11 and 12

IFRS 15 and 16

IFRS 9 and 10

Which of the following statements are true about the post-implementation review of IFRS 9? Statement 1 - The review is complete. Statement 2 - The review is split into two sections, one for classification and measurement and one for impairment.

Only statement 1 is correct

Only statement 2 is correct

Neither statement is correct

Both statements are correct

When was IFRS for SMEs last updated?

2019

2015

2017

2021

Which of the following items are listed on the current workplan? Item 1 - Share-based payments. Item 2 - Goodwill and impairment.

Neither item

Item 1 only

Both items

Item 2 only