Global Standards for the world economy

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Investor perspective: A tale of ‘prudence’

 11 June 2015

The IASB has just published an Exposure Draft of a revised Conceptual Framework for Financial Reporting in which the IASB proposes to reintroduce an explicit reference to prudence. In this article Steve Cooper, a member of the IASB, explains the IASB’s proposals on prudence.

Click here for the article and here for more information about the IASB’s investor activities.

The Conceptual Framework Exposure Draft is available here.  It is open for comment until 26 October 2015.

On 17 June 2015 the IASB will give a live web presentation on the Exposure Draft Conceptual Framework for Financial Reporting. Full details of the webinar can be found here.