Proactive - Use of Financial Statements
- Research phase
- Rasmus Sommer
In June 2011, the EFRAG PRC launched a pro-active project on understanding how capital providers use financial statements. The aim of the project was to shed light on how various types of European capital providers use financial information for decision making, and how they manipulate and analyse this information. The IASB Conceptual Framework states that the objective of financial reporting is to provide information that is useful to capital providers and other users in making economic decisions. The project was aimed at providing insights into how financial information is used in practice. It was expected to provide useful supplementary guidance about what types of financial information is most useful, and why different users may express at times contradictory needs.
09/03/2016 - New investor insights into financial reporting
EFRAG and ICAS publish a study on the decision usefulness of financial reporting
15/12/2014 - In charge of investment decisions? More time to participate in our study!
EFRAG and ICAS have extended the interview period for the study on the usage of financial information to the end of February 2015.