Which of the following are most likely to be considered as key management personnel of an entity? $\begin{array}{|l|l|l|l|}\hline \text { I. } & \text { Chief Financial Officer } & \text { III. } & \text { Non-executive directors } \\\hline \text { II. } & \text { Admin Officer } & \text { IV. } & \text { General manager } \\\hline\end{array}$

A) I, II and III.
B) II, III and IV.
C) I, III and IV.
D) I, II, III and IV.

Question

Which of the following are most likely to be considered as key management personnel of an entity?    I.   Chief Financial Officer   III.   Non-executive directors   II.   Admin Officer   IV.   General manager  \begin{array}{|l|l|l|l|}\hline 	ext { I. }  &  	ext { Chief Financial Officer }  &  	ext { III. }  &  	ext { Non-executive directors } \\hline 	ext { II. }  &  	ext { Admin Officer }  &  	ext { IV. }  &  	ext { General manager } \\hline\end{array}  I.   II.  ​  Chief Financial Officer   Admin Officer  ​  III.   IV.  ​  Non-executive directors   General manager  ​ ​ A)  I, II and III.B)  II, III and IV.C)  I, III and IV.D)  I, II, III and IV.

Kirstin Nyberg · Accepted Answer

Final Answer : C, Explanation :  Key management personnel are those having authority and responsibility for planning, directing, and controlling the activities of an entity, directly or indirectly. This typically includes positions like the Chief Financial Officer (I), Non-executive directors (III), and the General Manager (IV), but not typically an Admin Officer (II), who usually handles more routine administrative tasks.

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