ICAEW AF · Chapter 2 · Question 6 of 7
Which IFRS Sustainability Disclosure Standard sets out the specific requirements for disclosures about climate-related risks and opportunities?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) IFRS S2
Explanation
IFRS S2 Climate-related Disclosures requires disclosure of information about climate-related risks and opportunities. IFRS S1 sets out the general requirements for disclosure of sustainability-related financial information. IAS 1 deals with presentation of financial statements and IFRS 15 with revenue.
More Ethics and sustainability in financial reporting MCQs
- Q1Which of the following is NOT one of the fundamental principles in the IESBA Code of Ethics for Professional Accountants?
- Q2Priya, a newly qualified accountant, is told by the finance director that she will 'not be kept on' unless she leaves a large repair…
- Q3Under the fundamental principle of confidentiality, in which of the following situations may a professional accountant disclose…
- Q4What is the main advantage of a principles-based code of ethics compared with a rules-based code?