Which of the following statements best describes the defined benefit obligation (DBO) for a defined benefit pension plan accounted for under IFRS

? Question 7 options:

a) The valuation of the DBO does not have to be assessed annually.

b) The DBO is the future value of all employee benefits estimated to be paid in the future as determined by the actuary.

c) The DBO is presented as a liability on the statement of financial position of the employer.

d) The DBO is commonly calculated by an accountant.