IASB TO DEVELOP REVISED DISCLOSURE FRAMEWORK

摘要

Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), has indicated the standards body plans to develop a new disclosure framework to cut down on the use of boilerplate text in financial reporting.In a speech at the IFRS Foundation conference in Amsterdam entitled Breaking the boilerplate, Hoogervorst set out a 10-point plan to make financial reporting disclosure more effective.He said that while the size of many annual reports is ballooning, the amount of useful information contained in those disclosures has not necessarily been increasing at the same rate.