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European discussion paper on performance reporting

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

28 Nov 2006

The European Financial Reporting Advisory Group (EFRAG) and the Instituto de Contabilidad y Auditoría de Cuentas (or ICAC) have published a Discussion Paper on performance reporting entitled 'What (if anything) is wrong with the good old income statement?' It is the second paper issued under the auspices of the Pro-active Accounting Activities in Europe (PAAinE).

The paper identifies and analyses the arguments of those who believe that fundamental changes are needed to the existing performance reporting model, and also explains the reasoning of those who believe such changes are not needed.

The paper does not reach any conclusions on the issues, but it sets the scene for a subsequent paper that will explore the underlying issues involved in greater detail.

The comment period ends on 31 March 2007. Click to Download the Discussion Paper (PDF 896k).


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