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.

First EFRAG draft comment letter on the discussion paper on disclosure principles

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

05 May 2017

The European Financial Reporting Advisory Group (EFRAG) has issued an initial draft comment letter on the IASB discussion paper DP/2017/1 'Disclosure Initiative — Principles of Disclosure'.

This first draft comment letter contains EFRAG's preliminary views on the questions contained in the discussion paper. The positions expressed in this document have been prepared by EFRAG's Technical Expert Group (TEG) and have been reviewed by the EFRAG Board. However, the Board concluded that with this topic answering the questions in the consultation document is as answering the ones that were not specifically asked but that arise from the paper nonetheless. These would regard cross-cutting and strategic issues, for example:

  • the boundary between financial statements and the annual report;
  • the consideration of the impact of technology on the presentation of financial statements;
  • the relationship between general-purpose financial reporting and electronic filing; and
  • the scalability of disclosure requirements and the relevance of the proposals to the broad spectrum of listed companies.

The EFRAG Board will continue discussing these issues in May and will then replace this initial consultation document with a full draft comment letter.

Comments on EFRAG's final draft comment letter are requested by 11 September 2017. For more information, see the press release and the initial draft comment letter on the EFRAG 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.