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IASB member discusses the importance of financial reporting when investing

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08 Feb 2018

At the ICAEW’s Information for Better Markets event on 18 December 2017, IASB member Nick Anderson gave a response to Professor Baruch Lev speech, 'Financial reporting for Investors—do the financial statements give them what they need?'

Mr Anderson’s response provided his views related to the important role analysis reports play when making investment decisions as well as arguments to Professor Lev’s comments regarding the (1) growth of intangibles, (2) impact of financial reporting, and (3) role of standard-setters. In addition, he commented on two proposed accounting changes Professor Lev believed will ‘restore the income statement matching.’ These proposals were to capitalize selected intangibles and the treatment of ‘one-off’ costs.

For more information, see Mr Anderson’s response on the IASB’s website.

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