Project history
Stage 1: Setting the agenda
The IASB moved Management Commentary from its research agenda to its active agenda at the December 2007 meeting. Click here for a copy of the observer notes.
Stage 2: Project planning
This project is being conducted by the IASB only. The project will result in guidance on the development of management commentary reports.
Given the limited scope of the project a working group has not been established.
Stage 3: Development and publication of a discussion paper
In October 2005, the IASB published a discussion paper Management Commentary that assesses the role the IASB could play in improving the quality of the management commentary that accompanies financial statements. The discussion paper was prepared for the IASB by staff of the national standards–setters from Germany, New Zealand, the United Kingdom and the Canadian Institute of Chartered Accountants. Click here for a copy of the discussion paper.
The comment period for the discussion paper was 120 days and ended on 28 April 2006; 116 comment letters were received from constituents. Click here to view the comment letters.
Stage 4: Publication of an exposure draft
In June 2009 the IASB published an exposure draft Management Commentary. The exposure draft proposes the issuance of a guidance document for management commentary, instead of an IFRS. The guidance will provide a broad framework for the preparation and presentation of management commentary. Click here to view the exposure draft.
The comment period for the exposure draft ended on 1 March 2010; 102 comment letters were received. Click here to view the comment letters.