Tuesday 25 November 2014
To identify the information requirements of users regarding the reporting of debt. Based on the findings from this work the IASB will consider whether to propose changes to current disclosures for debt.
The IASB is undertaking this work in response to the Agenda Consultation in 2011 where several users asked it to consider improving the disclosure requirements in its Standards regarding ‘net debt’.
In October 2013 the IASB discussed whether disclosures changes regarding ‘net debt’ should be included as part of the proposed short-term Amendments to IAS 1 Presentation of Financial Statements project under the Disclosure Initiative.
The IASB requested, given the importance of this topic to many investor stakeholders, that further research be undertaken to evaluate the possibility of a short-term project addressing disclosures about ‘net debt’. It decided not to include amendments regarding ‘net debt’ disclosures as part of the IAS 1 project.
In evaluating the potential scope of a short-term project on the topic of ‘net debt’ we are seeking input from users of financial statements to identifying how information about debt is used and why the information obtained from a ‘net debt reconciliation’ is useful.
Our survey for investors was open until 21 February 2014 .
Capital Markets Advisory Committee
Speech by Hans Hoogervorst: 'Breaking the boilerplate'
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