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Disclosure initiative — Principles of disclosure [Completed]

Effective date:

The IASB decided not to pursue the remaining topics in the Discussion Paper, therefore this project summary closes the research project.

Last updated:

March 2019

Overview

In March 2017, the IASB published the Discussion Paper Disclosure Initiative—Principles of Disclosure to describe, and seek stakeholders’ views on, the disclosure issues that the Board identified during its outreach and approaches to address those issues.

Based on the feedback received in response to the Discussion Paper, in March 2018, the IASB decided to add separate projects to its agenda to:

  1. develop guidance to help improve the way the IASB drafts disclosure requirements in IFRS Standards and perform a targeted Standards-level review of disclosure requirements; and
  2. develop guidance and examples to help entities apply materiality judgements to accounting policy disclosure.

In March 2019, the IASB completed this research project by publishing the Project Summary.

 

Other developments

March 2019

On March 21, 2019, the IASB published Disclosure Initiative — Principles of Disclosure project summary, which summarizes the work performed and conclusions reached in the principles of disclosure research project.

January 2019

On January 25, 2019, the IASB® staff updated the work plan to indicate that the Board expects to issue a Project Summary in March 2019.

October 2018

On October 26, 2018, the IASB staff updated the work plan to indicate that the Board plans to issue a project summary in Q1/2019.

July 2018

On July 18, 2018, the IASB staff updated the work plan to indicate that the Board plans to issue a project summary (no date specified).

April 2018

In April 2018, the staff of the IASB updated the work plan to indicate that the IASB® will discuss the remaining issues in July 2018.

March 2018 

On March 23, 2018, the IASB staff updated the work plan to indicate that the Board expects to discuss the remaining issues at its June 2018 meeting.

February 2018

On February 23, 2018, the IASB staff updated the work plan to indicate that the IASB expects to decide the project direction in March 2018. 

January 2018

On January 26, 2018, the IASB Staff updated this project to indicate that the IASB now expects to review the Discussion Paper Feedback in February 2018. 

December 2017 

On December 18, 2017, the IASB staff updated the work plan to indicate that the IASB expects to review the Discussion Paper Feedback in March 2018.

September 2017

On September 22, 2017, the IASB staff updated the work plan to indicate that the IASB expects to review the Discussion Paper Feedback in Q1/2018.

June 2017

In June 2017, the IASB staff updated the work plan to indicate that the IASB expects to discuss the Discussion Paper feedback in the 1st half of 2018.

March 2017

On March 30, 2017, the IASB published a comprehensive discussion paper setting out the Board's preliminary views on disclosure principles that should be included in a general disclosure standard or in or in non-mandatory guidance on the topic. Comments are due October 2, 2017.

On March 23, 2017, the IASB staff updated the Work Plan in respect of this project to indicate that the IASB expects to publish a Discussion Paper for comment in March 2017.

January 2017

On January 19, 2017, the IASB staff updated the Work Plan in respect of this project to indicate that the IASB expects to publish a Discussion Paper for comment in April 2017.

December 2016

On December 15, 2016, the IASB staff updated the Work Plan in respect of this project to indicate that the IASB expects to publish a Discussion Paper for comment by June 2017.

October 2016

On October 20, 2016, the IASB staff updated the Work Plan in respect of this project to indicate that the IASB expects to publish a Discussion Paper for comment in February 2017.

July 2016

On July 20, 2016, the IASB staff updated the Work Plan in respect of this project to indicate that the IASB expects to publish a Discussion Paper for comment in December 2016.

May 2016

On May 20, 2016, the staff updated the IASB Work Plan to indicate that the Board expects to issue a Discussion Paper for comment by November 2016.

May 2015

On May 20, 2015, the IASB staff is­sued an up­date  which high­lights the recent and up­com­ing ac­tiv­i­ties of the Dis­clo­sure Ini­tia­tive pro­ject in­clud­ing: (i) de­tails of the IASB’s re­cent dis­cus­sions re­gard­ing the Prin­ci­ples of Disclosure pro­ject; and (ii) the next steps planned.

June 2014

On June 13, 2014, the IASB staff is­sued an Up­date in re­spect of the Dis­clo­sure Ini­tia­tive pro­ject, including in respect of the Prin­ci­ples of Dis­clo­sure project.

 

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