• Service: Audit, IFRS
  • Date: 3/27/2014

Making financial statements more relevant 

In response to growing concerns about ‘disclosure overload’, the IASB has proposed clarifications to its standard on the presentation of financial statements.

The proposals are a welcome first step – if only a small one – in a bigger ‘disclosure initiative’, through which the IASB aims to improve presentation and disclosures in financial reporting.

The clarifications would not require any significant change to current practice, but should facilitate improved reporting. In the meantime, those that choose to can already achieve those improvements under existing standards.

Making financial statements more relevant (2014/05)

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This In the Headlines looks at proposed clarifications to make financial statements under IFRS more relevant.

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