AcSB Response – Management Commentary

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Dec 01, 2021

In December 2021, the International Accounting Standards Board (IASB) published the Accounting Standards Board (AcSB) response to the IASB’s Exposure Draft issued in May 2021. The AcSB’s letter expresses support for the IASB’s project to update the existing Management Commentary Practice Statement.

Specifically, the AcSB commented on aspects of the proposals, including the users of management commentary, materiality, and the statement of compliance.

Review the letter on the IASB's website.

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