1. Which of the following statement regarding the IAS 8 hierarchy is NOT true?

a. The IAS 8 hierarchy will generally be used in circumstances where authoritative IFRS is not available.

b. Management must use judgment to select an appropriate policy when using IAS hierarchy.

c. Management may consider the sources in the IAS 8 hierarchy in ascending or descending order.

d. All of the above are true.

2.

Which of the following is NOT one of the sources of guidance comprising full IFRS?

	a	Standards (including guidance of both the IASB and its predecessor, the IASC)
	b	Jurisdictional IFRS
	c	Interpretations (including guidance of the IFRIC and its predecessor, the SIC)
	d	Conceptual Framework