CERTYNEX IFRS ACADEMY

Which statements about the publication of interim reports and the role of IAS 34 are correct? More than one answer is possible.

The Standard sets the minimum content of an interim report and the recognition and measurement principles that apply to the reports that are published.

Entities whose securities are publicly traded are encouraged, without obligation, to publish reports that comply with the Standard, at least at the end of the first half of the financial year.

The Standard fixes a quarterly publication for every listed entity, with the content of a complete set of annual financial statements.

An entity that does not publish an interim report breaches IAS 34, whatever the requirements of its regulator or its stock exchange.

The decision to require interim reports and to set their frequency rests with governments, securities regulators, stock exchanges or accounting bodies.