Bin the clutter

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 can be the result of SME's being forced to comply with extensive regulations regarding disclosure of activities?

  2. Which of the following observations was not one observed by the Financial Reporting Council in the UK as regards 'clutter' in annual reports?

  3. Which of the following accounting concepts is seen as the driving force of disclosure?

  4. Which of the following actions could reduce some of the unnecessary clutter in annual reports and still ensure fair presentation?

  5. Which of the following is not a reason as to why annual reports should only contain relevant and necessary information?