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EFRAG publishes summary report for its joint outreach event on principles of disclosure in Copenhagen

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

04 Jul 2017

On 14 June 2017, the Confederation of Danish Industry (DI) and the Danish standard-setter FSR, together with EFRAG, hosted a joint outreach event in Copenhagen on the IASB discussion paper DP/2017/1 'Disclosure Initiative — Principles of Disclosure'. A summary report related to this outreach event has now been provided.

The English language event introduced the main elements of the discussion paper and gave the preliminary European view on the paper. It also sought input on the key questions in the paper that will be used by EFRAG, DI and FSR in providing their input to the IASB.

Participants pointed out that clear disclosure objectives are necessary in IFRS and that disclosure requirements should be proportional to users' needs. Disclosures should provide useful information on how entities operate and develop their business. The possibility to disclose non-IFRS information could help to achieve this.

The press release and the summary report can be found on the EFRAG website.

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