EFRAG'S comment letter on the IASB Principles of disclosure discussion paper
Released 12 October 2017
EFRAG supports the IASB’s principles of disclosure project to improve disclosure in financial statements.
The European Financial Reporting Advisory Group (EFRAG) has published its comment letter in response to the International Accounting Standards Board (IASB) Discussion Paper DP/2017/1 Disclosure Initiative - Principles of Disclosure stating that it fully supports the aims of the IASB's project and the overall disclosure initiative and that this is one of the most important of the IASB’s active projects. EFRAG considers that, in the next steps of the project, a high priority should be given by the IASB to a comprehensive review of standards-level requirements. The review should, in particular, aim to identify and remove any disclosure requirements that are disproportionate or redundant.
For more information and to view the letter, see EFRAG'S comment letter on the IASB'S discussion paper DP/2017/1 Disclosure Initiative - Principles of Disclosure.