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Description :
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Over the years, there has been debate over the nature and usefulness of financial disclosures. EFRAG has undertaken a project on the process to develop disclosures with the objective to stimulate debate on how to make disclsoures more relevant for users while ensuring that only useful information is disclosed. A sharper focus on important information is likely to result in reduced disclosure volume. An Advisory Panel has provided advice and input to the project.
The project is carried out in partnership with ANC and ASB. EFRAG is also cooperating with the FASB, that has undertaken a Disclosure Framework project.
EFRAG expects to issue a Discussion Paper in June 2012.
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