IASB discusses feedback on management commentary
The International Accounting Standards Board (IASB) is currently working on overhauling the management commentary. It aims to make it broader and more relevant to today’s investors, with the inclusion of reporting on long-term prospects, intangible resources and relationships and environmental, social and governance (ESG) matters. This month’s Board meeting will discuss consultation feedback on IASB’s proposals, which seem to have found broad support, including the adoption of an objectives-based approach and the proposed areas of content. Further suggestions and concerns are summarised in an interesting series of seven agenda papers.
