EFRAG’s Summary Report of the joint investor outreach event on the Discussion Paper: Disclosure Initiative—Principles of Disclosure

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Jul 19, 2017

On July 19, 2017, the European Financial Reporting Advisory Group (EFRAG) published a summary report of an outreach event for investors held on July 3, 2017 in Brussels on the Discussion Paper: Disclosure Initiative—Principles of Disclosure

The event was organized by the International Accounting Standards Board, in conjunction with EFRAG, the European Federation of Financial Analysts Societies (EFFAS), and the Association Belge des Analystes Financiers (ABAF/BVFA).

It introduced the main elements of the Discussion Paper, the preliminary positions held, focused on the information needs of investors, and sought input on the following issues included in the Discussion Paper: (i) Can principles make communication more effective? (ii) What do investors think are useful examples of disclosures in the financial statements? (iii) Alternative (non-IFRS) performance measures in the financial statements: misleading or useful? (iv) Should unusual or infrequently occurring items be separately reported and if so how? and (v) How important is the application of materiality when deciding what and how to disclose information?

Re­view the Summary Report on the IASB’s website.

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