Intangible assets are non-physical resources that still contribute to a company's value and future earnings. They include items like intellectual capital, customer relationships, brand value, and other soft assets because these lack physical form but have identifiable value and can be controlled by the company. Cash and inventory are tangible assets, machinery and land are tangible assets, and accounts payable is a liability. Thus, listing non-physical assets best represents an intangible asset.

Changes in the shape of the yield curve occur when short-, medium-, and long-term rates move differently relative to each other, altering the curve’s slope and curvature. This affects the value of assets and liabilities with different maturities in ways that aren’t captured by a simple overall level shift. Yield curve risk specifically captures this sensitivity to non-parallel movements in rates, making it the best fit for changes in curve shape. Credit risk is about the possibility of default by a borrower, and liquidity risk concerns how easily assets can be bought or sold without significantly affecting price. Interest rate risk is broader and includes price changes from rate moves in general, but the distinctive concern about how the curve’s shape changes is what defines yield curve risk.

A web-based report is the one described as a web-based format. This means the report is published online and accessed through a web browser, typically hosted on a company’s website or sustainability portal, allowing easy online distribution and updates. The other options describe different channels or formats: a press release is a news-type announcement, a physical booklet is printed on paper, and a quarterly earnings call is a live audio/video event, not a web-based document.

The IASB is an independent standard-setting body that develops and approves IFRS Standards. It operates under the IFRS Foundation, which provides governance, funding, and the due process framework—ensuring transparency and broad public input through public consultations and exposure drafts. It is not a regulatory body within the US, a private auditing firm, or a branch of the IMF; enforcement and adoption of IFRS are handled by national regulators and local standard-setters in each jurisdiction.