This project is a 'short-term initiative' to explore opportunities to see how those applying IFRS can improve and simplify disclosures within existing disclosure requirements.
In implementing this initiative, the IASB announced a Disclosure Forum designed to bring together securities regulators, auditors, investors and preparers.
Information received from this process will be used as input in the disclosure parts of the IASB's conceptual framework project.
Current status of the project
There have been a number of reports and projects initiated by national standard setters and others on the topic of disclosure. The IASB has also undertaken various activities around disclosure in response to these reports and other calls to simply and rationalise disclosure in financial reports.
The IASB formally added a 'short-term initiative' on disclosure to its work programme in December 2012 as part of its response to the Agenda Consultation 2011.
|20 December 2012||IASB staff survey on disclosure||Survey close date 15 January 2013|
|28 January 2013||IASB Disclosure Forum|