Joint investor outreach event in Hong Kong
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.
05 September 2017
Ends:
Background
'Quality vs Quantity' is an expression often heard from investors discussing the topic of disclosures in financial reports. Three main concerns about disclosures were observed:
- not enough relevant information;
- irrelevant information or disclosure overload; and
- poor communication of disclosures.
To address these concerns, the Board published the Discussion Paper Disclosure Initiative: Principles of Disclosure, which proposes disclosure principles that aim to improve communication in financial reports.
These principles could change the way a company presents its financial reports, and therefore impact the way you assess a company's financial information.
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.
If you would like a say in the way financial information is reported in the future, join the staff of the IASB and HKICPA, and other users of financial reports in a discussion on the proposed disclosure principles.
To register please send an email including your contact details and organisation to outreachhk@hkicpa.org.hk. There is no charge for participation.