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 |
