Saturday 01 November 2014
The objective of this project is to make narrow-focus amendments to IAS 1 Presentation of Financial Statements to help alleviate some of the problems that have been identified with disclosure in financial reporting.
This project proposes some amendments to IAS 1, which seek to address concerns raised during the Agenda Consultation 2011, in research carried out for the IASB and during the Financial Reporting Disclosure Discussion Forum and the related survey.
These amendments are intended to clarify, rather than significantly change, existing IAS 1 requirements. In most cases the proposed amendments respond to what IASB staff view as excessively literal interpretations of the wording in IAS 1.
IASB publishes proposals as part of Disclosure Initiative
Speech by Hans Hoogervorst: 'Breaking the boilerplate'
Potential IAS 1 amendments and drafting of disclosure requirements discussed at joint CMAC/GPF meeting
[eIFRS Basic required]
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