New Conceptual Framework bulletin on complexity

  • EFRAG Bulletin Image

10 Feb 2014

The European Financial Reporting Advisory Group (EFRAG) and the National Standard Setters of France, Germany, Italy and the United Kingdom have published the latest issue of their joint publication series on the IASB's Conceptual Framework project. This bulletin explores the complexity found in financial statements and what can be done to the conceptual framework to reduce some of these complexities.

This bulletin discusses:

  • Unavoidable and avoidable issues of complexity in financial statements.
  • Possible causes for complexity.
  • Suggested guidance to the conceptual framework that may reduce the complexity.

Constituents wishing to comment on the views in the bulletins are invited to do so by 30 April 2014.

Please click to access the conceptual framework bulletin on complexity.

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