In terms of interim reports,
A) the IASB requires that companies disclose quarterly reports.
B) the European tradition has always required quarterly reports.
C) the IASB specifies content, but does not specify frequency.
D) very few MNEs provide information beyond the EU directive

Question

Quizplus · Accepted Answer

The IASB does not require companies to file quarterly reports; instead, they specify the content that should be included in interim reports. Companies can choose the frequency of reporting that makes sense for their business.

Note: Choices A, B, and D are all incorrect statements.

In Terms of Interim Reports