General Presentation and Disclosures
Starting with a summary of ICAEW's observations, this article highlights different perspectives on the IASB's Exposure Draft, General Presentation and Disclosures.
The July 2020 edition of By All Accounts contained an article highlighting the International Accounting Standards Board’s (IASB’s) proposed changes to IFRS accounts contained in their Exposure Draft, General Presentation and Disclosures. Since then, the Financial Reporting Faculty has been busy delving into the detail of the proposals, with our final comments being submitted to the IASB last September (ICAEW Rep 75/20). These views, some of which are outlined below, were formulated over the course of many months through discussions with members and volunteers working in practice, business, academia and the investment community.
We support the IASB’s efforts to improve the disclosure of MPMs within the financial statements and support many of the proposals. For example, the requirements to:
Continue reading
This content is not freely available. To access 'General Presentation and Disclosures' you need to be one of the following:
-
ACA student
-
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
-
Business and Finance Professional
-
An internationally recognised designation and professional status from the ICAEW.
-
Corporate Reporting Faculty
-
Guiding you through the maze of new and emerging reporting requirements, ensuring you are always one step ahead..
-
ICAEW member
-
Gain access to world-leading information resources, guidance and local networks. 98% of the best global brands rely on ICAEW chartered accountants.