The IASB has issued an exposure draft of proposed amendments to IAS 1 resulting from its Disclosure Initiative, with comments to be received by July 23, 2014. The proposed narrow-focus amendments “will clarify some of (the Standard’s) presentation and disclosure requirements to ensure entities are able to use judgment when applying that Standard… (responding) to…
From Australia comes another contribution to the seemingly endless debate about disclosure overload This is an Australian Accounting Standards Board staff paper titled “To Disclose or Not to Disclose: Materiality is the Question” (a Google search confirms my feeling that this Hamlet-derived formulation has been used far too often to be effective now, including in…
In its recent Annual Improvements to IFRSs: 2010-2012 cycle, the IASB has returned to the IAS 24 requirement to disclose compensation paid to key management personnel. I’ve written in the past that this seems to me one of the least useful disclosures in all of IFRS – it’s very difficult to see how anything coming…
The United Kingdom regulator issues a series of calls to action on the topic of improving disclosures The director of the UK’s Financial Reporting Council recently issued “a series of calls to action for preparers and auditors to consider improving the quality of disclosures in annual reports.” This chimes with the IASB’s current focus on…
John Hughes IFRS Blog 