Exposure draft and comment letters

On 23 June 2009 the International Accounting Standards Board (IASB) published for public comment a proposed non-mandatory framework to help entities prepare and present a narrative report, often referred to as management commentary.

Management commentary is an opportunity for management to outline how an entity’s financial position, financial performance and cash flows relate to management’s objectives and its strategies for achieving those objectives

Comment Letters: Comments were due by 1 March 2010, the comment period has now closed. 

The Board considered a summary of the comments received at the May 2010 meeting. The Board did not make any technical decisions at this meeting.