10 July 2018

IASB announces composition of its Management Commentary Consultative Group

The International Accounting Standards Board (Board) has today announced the membership of its Management Commentary Consultative Group (Consultative Group), established to advise the Board as it develops proposals for updating its guidance on management commentary in financial reports.

The Consultative Group was established to help inform the Board’s project to update IFRS Practice Statement 1 Management Commentary. In undertaking the project, the Board will consider how broader financial reporting could complement and support IFRS financial statements.

The Consultative Group comprises members and observers from a variety of jurisdictions and backgrounds, including users of financial reports, auditors, preparers of financial statements, securities regulators and standard-setters.

The Consultative Group will give the Board access to people and organisations with practical experience and expertise in developing and implementing management commentary regimes and in using information disclosed in management commentary. 

Hans Hoogervorst, Chair of the Board, said:

The project to update IFRS guidance on management commentary is a key part of the Board’s work under the Better Communication in Financial Reporting theme. Input from people with experience in this field through the Consultative Group will provide valuable help to the Board.

The meetings of the Consultative Group will be in public and recorded live as webcasts. Agenda papers and recordings of meetings will be posted within the Management Commentary Consultative Group section.

Member Organisation Job title
Rodrigo Araujo Alves Petróleo Brasileiro S.A. (Petrobras) Chief Accounting and Tax Officer
Andreas Barckow Accounting Standards Committee of Germany President
Melissa Brown Daobridge Capital Ltd. Director
Larissa van Deventer  — Equity Research Analyst
Liliana Franco Air Liquide Director, Accounting Organisation & Methods
Lisa French International Integrated Reporting Council Chief Technical Officer
Yukako Fujioka Financial Services Agency, Japan Director for Disclosure Planning
Trent W. Klein TELUS Coporation Director—Finance
Toby Langley Bank of America Merrill Lynch Research Analyst
Kris Peach Australian Accounting Standards Board Chair
Sandra J. Peters CFA Institute Head, Global Financial Reporting Policy
Deepa Raval Financial Reporting Council Director of Narrative Reporting
Massimo Romano Generali S.P.A. Head of Group Integrated Reporting
Michael Tovey Bank of America Head of Accounting Policy
Ryoko Ueda Mizuho International Director
Mark Vaessen KPMG Partner
Jed Wrigley Eight Roads Senior Investment Manager
Benjamin Yeoh Royal Bank of Canada, Global Asset Management Senior Portfolio Manager

Observers
European Financial Reporting Advisory Group
European Securities and Markets Authority
International Auditing and Assurance Standards Board
International Organization of Securities Commissions
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