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Conceptual Framework - Bulletin: Prudence


Project History
In 2012, EFRAG and the French Autorité des Normes Comptables (ANC), the Accounting Standards Committee of Germany (ASCG), the Italian Organismo Italiano di Contabilité (OIC) and the UK Financial Reporting Council (FRC) agreed to work in partnership to promote discussion, and to ensure that European views are influential in the debate on the IFRS Conceptual Framework.

On 11 April 2013, the partnership published a Bulletin on Prudence. This bulletin considers the role of prudence when developing accounting standards.

Comments on the bulletin were invited by 5 July 2013. The comments received were considered in developing views so as to best express European views in the IASB consultation process.
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