IASB Announces a Public Forum on Disclosure Overload

On November 12th, the IASB announced holding a public forum on disclosure overload. 

The forum will be held, January 28, 2013 at a venue in London.

According to the IASB’s announcement, the goal of the forum is “to get a better understanding of the issues related to disclosure overload, and where and how improvements can be made”.  Forum topics will include;

  • The current state of financial report disclosures;
  • Identifying and understanding the main concerns preparers, auditors, regulators and users have about disclosures in financial reports, and their possible causes;
  • Identifying potential ways that entities can improve the clarity of financial reports within the context of the current IFRS requirements; and
  • Providing input into the disclosure and presentation sections of the IASB’s Conceptual Framework project.

Forum participants will include: investors, preparers, regulators, auditors, and standard-setters.

The related press notification did not indicate whether the forum will be available via webcast. 

Parties interested in attending the forum can obtain more information at the iasb website (iasb.org).

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About docjonz

I am an Associate Professor of accounting at Hofstra University in Hempstead, NY. Additionally, I have more than 30 years of professional accounting experience in various capacities including auditing, accounting standard setting and corporate accounting policy.
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