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Current stage

In May 2021, the International Accounting Standards Board (IASB) published the Exposure Draft Management Commentary. The Exposure Draft sets out the IASB's proposals for a comprehensive new framework for preparing management commentary. The proposed framework would replace IFRS Practice Statement 1 Management Commentary.

The comment period ended on 23 November 2021.

IASB® Update March 2021

The Board met on 23 March 2021 to discuss the comment period for the forthcoming exposure draft of the revised IFRS Practice Statement 1 Management Commentary.

The Board decided that the comment period should be more than 120 days but no more than 180 days, with the comment deadline set to avoid conflicting with the comment deadlines for the Board’s other major consultations.

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Exposure Draft Feedback