IASB member discusses the disclosure initiative

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18 Mar 2016

The IASB member, Gary Kabureck, has issued an article, “Footnotes of the Future — Reflections from the Disclosure Initiative.” In his article, he discusses the progress the Board has made to improve disclosure effectiveness and looks at the next steps for this project.

The article features:

  • Examples of how the amendments to IAS 1 in December 2014 helped preparers improve their financial reporting.
  • The importance of identifying the primary users.
  • An assessment of disclosure materiality.
  • Discussion on material and immaterial errors.

The full article is available on the IASB’s website.

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