AcSB Response – General Presentation and Disclosures
Sep 30, 2020
On September 30, 2020, the Accounting Standards Board (AcSB) responded to the IASB’s Exposure Draft, issued in December 2019.
The IASB’s proposals take significant steps forward toward enhancing the relevance of financial statements. The AcSB’s letter encourages the IASB to consider the balance between users’ needs for better information about financial performance, and the effort and level of professional judgment required of preparers to generate that information.
Review the letter on the IASB's website.
