European discussion paper on the conceptual framework
Nov 17, 2006
The European Financial Reporting Advisory Group (EFRAG) and the French accounting standard setter (Conseil National de la Comptabilite, or CNC) have jointly published the first Discussion Paper under the auspices of the Pro-active Accounting Activities in Europe (PAAinE).
The Discussion Paper is titled The Conceptual Framework: Starting from the Right Place? It elaborates on the following issues:
- Purpose of the conceptual framework
- Users of financial reporting
- Entities within the scope of the Framework
- The scope of financial reporting.
