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Details

  • Service: Audit, IFRS
  • Type: Business and industry issue
  • Date: 5/31/2013

IASB leads the way in addressing concerns on disclosures 

In response to growing concern among stakeholders that financial statements are getting more complex and less relevant, the IASB has called for collective action by preparers, regulators and the accounting profession to address these challenges.

 

The IASB has just published a feedback statement summarising discussions held at a public forum that it hosted in January 2013.

 

The paper explores several approaches to improving the usefulness and clarity of financial statement disclosures, as well as outlining the IASB’s recommendations on next steps.

 

The feedback statement (PDF 930KB) is available to download in full from the IASB website.

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