The June 2005 Exposure Draft Issued in Relation to Proposed

question 9

Multiple Choice

The June 2005 Exposure Draft issued in relation to proposed changes to IAS 37:

• A) will be issued as a standard applicable for reporting periods ending on or after 1 June 2014
• B) has been withdrawn by the IASB
• C) is still under consideration by the IASB
• D) is already applicable

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Definitions:

Validity

Degree of correspondence between a measurement and the phenomenon under study.

Constructability

A concept in engineering that assesses how efficiently a structure or system can be built, considering all practical aspects of construction.

Generalizability

The extent to which findings from a study or research can be applied to broader contexts or with different groups.

Reliability

Degree of consistency in a measurement— that is, the extent to which it yields accurate measurements of a phenomenon across several trials, across different populations, and in different forms.