Discussion Paper and Comment Letters
On 16 October 2008, the International Accounting Standards Board (IASB) published for public comment discussion paper Preliminary Views on Financial Statement Presentation.
The discussion paper contains an analysis of the current issues in financial statement presentation and presents the boards’ initial thinking on how those issues could be addressed in a possible future format.
The discussion paper was open for comment until 14 April 2009.
View all posted comment letters
Currently the FASB holds the comment submission letters on its web site, these can be viewed here.
Access the due process documents
Field tests and Research Study
During the 6-month comment period on the discussion paper, 30 entities participated in a field test. As part of the field test, participant companies recast two years of financial statements using the principles and application guidance in the discussion paper, and completed a survey about that recasting exercise.
A summary of the survey responses is provided as part of the July 2009 joint meeting papers.
At board meetings in September 2009, the boards discussed the analyst portion of the field test, and the results of an experimental study on the proposed presentation model that was conducted by the Financial Accounting Standards Research Initiative (FASRI).
Information on both the analyst field test and the FASRI study are available in the September 2009 meeting materials.