The International Accounting Standards Board (Board) and Hong Kong Institute of CPAs (HKICPA) invite analysts, investors and users of financial reports to have a say in what constitutes better communication in financial reports.
In March 2017 the Board published the Discussion Paper Disclosure Initiative—Principles of Disclosure, which proposes disclosure principles that aim to improve communication in financial reports.
This discussion will allow investors and users of financial reports to have a say in what constitutes better communication in financial reports.
Better Communication: what do analysts and investors need?
Information in financial reports should be relevant to users, as well as faithfully represent the financial situation of a company.
Your views as users of financial reports are important, in particular, on:
- what constitutes effective communication in the financial reports;
- what constitutes fair presentation of performance measures such as EBITDA;
- when, where and how financial information should be disclosed.
This event forms part of a comprehensive programme of IFRS Foundation investor outreach activities to all IFRS stakeholders.