Exposure Draft and comment letters—Disclosure Initiative (Proposed amendments to IAS 1)

The International Accounting Standards Board today published for public comment an Exposure Draft outlining proposed amendments to IAS 1 Presentation of Financial Statements.

The proposal results from one of several short-term projects under the IASB’s Disclosure Initiative.

Many respondents to the IASB’s Agenda Consultation 2011 asked the IASB to review the disclosure requirements in existing IFRS, to explore ways to improve disclosures. Consequently, in 2013 the IASB started the Disclosure Initiative, a package of several projects aimed at improving the disclosure of financial information.

The Exposure Draft proposes narrow-focus clarifying amendments to IAS 1 to address some of the concerns expressed about existing presentation and disclosure requirements and to ensure entities are able to use judgement when preparing their financial statements.

The Exposure Draft comment period ended on 23 July 2014.


Comment letters are public and all comment letters received on the due process document can be accessed below.

If you have trouble finding a specific comment letter, please contact us.

Access individual comment letters in the table below or download all letters as zip file.

ID Submitter

This website uses cookies. You can view which cookies are used by viewing the details in our privacy policy.