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.

Management commentary

Date recorded:

The Board discussed the status of the Management Commentary project. The staff noted that the final document would not be binding (i.e. it will not be a Standard) and suggested to call it IFRS Practice Statement: Management Commentary. Accordingly, an entity will not be required to comply with the final document to be able to assert compliance with IFRSs. The Board agreed.

The staff noted that the final document will not be substantially different from the exposure draft published last year — and asked the Board for permission to begin their ballot process. Subject to drafting suggestions and balloting process the final document is expected to be published at the end of October this year.

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.