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.

IFRS in Focus — IASB issues practice statement on management commentary

Published on: Dec 16, 2010

On December 8, 2010, the IASB issued Practice Statement Management Commentary. The Practice Statement is not an International Financial Reporting Standard (IFRS) and therefore an entity does not need to comply with it in order to comply with IFRSs. However, management should explain the extent to which the Practice Statement has been followed.

The Practice Statement provides a framework for the presentation of management commentary to accompany financial statements prepared in accordance with IFRSs. Entities are permitted to adapt the information provided to their particular circumstances, such as the legal and economic circumstances of individual jurisdictions.

Download

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.