Question 20. The IPSASB is an independent standard-setting board under the auspices of:

The International Federation of Accountants

The International Accountings Standards Board

The Governance Review Group

The World Bank

Question 19. According to IPSAS 2 'Cash flow statements' where shall cash payments from local property taxes be placed in the cash flow statement?

Financing activities

Investing activities

Operating activities

Any of the above

Question 18. According to IPSAS 4 'The effects of changes in foreign exchange rates', the correct term for the currency of the primary economic environment is:

Current currency

Applicable currency

Functional currency

Reporting currency