This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Disclosure framework

Background

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.

 

Project milestones

DateDevelopmentComments
20 December 2012 IASB staff survey on disclosure Survey close date 15 January 2013
28 January 2013 IASB Disclosure Forum

Related Discussions

  • Report of the IASB Chair

  • Apr 11, 2013

  • The IASB reported on technical activities such as the outreach activities on disclosure and various other projects.

  • Disclosure

  • Feb 26, 2013

  • Filippo Poli, a member of the EFRAG Technical Staff, presented the preliminary feedback analysis of the comments received on the EFRAG discussion paper and Dr Teixeira made a presentation of early stage activities on the IASB’s project to develop a disclosure framework, in particular its late-2012 survey of users and preparers on various disclosure issues and the public forum on disclosure held on 28 January 2013 in London.

  • ICAS/NZICA disclosure report – Education session

  • Jul 21, 2011

  • The Boards hosted a presentation by the Institute of Chartered Accountants of Scotland (ICAS) to provide the results of their joint project with the New Zealand Institute of Chartered Accountants in which they conducted a study on reducing disclosures in financial reporting.

All Related