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Disclosure initiative — Disclosure review

Background

This project is part of the IASB's overall disclosure initiative and is expected to consider the disclosures currently in International Financial Reporting Standards.

As part of the IASB's Feedback Statement Discussion Forum – Financial Reporting Disclosure, constituent concern about the cumulative effect of disclosure requirements introduced by new and revised standards was noted, with many commentators suggesting a general review of disclosure requirements.

 

Current status of the project

As a first step, the Board's DP on Principles of Disclosure contained an appendix with two examples of how existing standards could be re-drafted using the principles described in the DP.

 

Project milestones

Date Development Comments
28 May 2013 Feedback Statement Discussion Forum – Financial Reporting Disclosure published Three key actions to be considered by the IASB:
  • Narrow scope amendments to IAS 1
  • A project to develop application guidance or educational material on materiality
  • Revised research project on financial statement presentation
30 March 2017 DP/2017/1 Disclosure Initiative — Principles of Disclosure published The DP contains an appendix with two examples of how existing standards could be re-drafted using the principles described in the DP

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.