The IFRS Foundation is inviting people to test their knowledge of IFRS Standards and their use around the world after releasing an updated version of the popular online IFRS Quiz.
The quiz is based on the 2016 Pocket Guide to IFRS Standards: the global financial reporting language. It provides students, educators and other interested parties with a free-of-charge resource to assess their knowledge of IFRS Standards, the IFRS Foundation structure, and the standard-setting process.
First launched in 2014, the quiz is available in both English and Spanish and has been taken more than 45,000 times. The updated version has been revised to include, among other things, the requirements of new and amended IFRS Standards such as IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases.