A series of bitesize webcasts on the Exposure Draft Management Commentary has been produced to address frequently asked questions about the International Accounting Standards Board’s (Board) proposals for a new framework for preparing management commentary.

Consisting of five webcasts, this series explains:

  • why the Board is developing the new framework now;
  • why the proposed new framework focuses on value creation;
  • how the proposed objectives-based approach is designed to help management tell their companies’ unique stories;
  • the concept of ‘key matters’ and its relation to materiality; and
  • the terminology proposed to express concepts in plain language.

Management Commentary—Why and why now?

Management Commentary—Value creation

Management Commentary—Disclosure objectives

Management Commentary—Key matters and materiality

Management Commentary—Terminology