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.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IASB member discusses the disclosure initiative

  • IFRS - IASB Image

Mar 18, 2016

On March 18, 2016, the International Accounting Standards Board member, Gary Kabureck, issued an article, “Footnotes of the Future — Reflections from the Disclosure Initiative.” In his article, he discusses the progress the Board has made to improve disclosure effectiveness and looks at the next steps for this project.

The article features:

  • Examples of how the amendments to IAS 1 in December 2014 helped preparers improve their financial reporting.
  • The importance of identifying the primary users.
  • An assessment of disclosure materiality.
  • Discussion on material and immaterial errors.

The full article is available on the IASB’s website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.