FEE believes IASB needs to take a more active role in driving the broader corporate reporting agenda

  • FEE (Federation of European Accountants - Fédération des Experts-comptables Européens) (lt green) Image

22 Dec, 2015

The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has responded to the 'Request for Views' document the IASB published in August to launch its second agenda consultation.

Next to comments on project prioritisation, FEE suggests that the IASB takes a more active role in the broader corporate reporting agenda, including both financial and non-financial reporting, in order not to be pushed to the sidelines. FEE states:

The current focus on financial information only seems not to be sustainable over the long term as (primary) users are using other sources of information in their economic decision-making process, which might lead to a declining relevance and importance of financial statements.

FEE also links back to its October 2015 paper putting forward a new approach to corporate reporting that would see a "core" report and "more" reports.

Please click to access the comment letter on the FEE website.

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