Disclosure Initiative – Principles of Disclosure

The International Accounting Standards Board (IASB) has published a Discussion Paper that suggests principles to make disclosures in financial statements more effective.

The Discussion Paper Disclosure Initiative—Principles of Disclosure seeks public feedback on disclosure issues the IASB has identified through outreach as well as its preliminary proposals to resolve these issues. Ultimately, it is expected that the Discussion Paper could lead to amendments to IAS 1 Presentation of Financial Statements, or the development of a new general disclosure Standard.

The Discussion Paper is the latest instalment of the IASB's Disclosure Initiative, which was established in 2013 with a ten-point plan to deliver tangible improvements to disclosures in financial reporting.

The IASB requests that comments on the Discussion Paper be submitted by 2 October 2017.

Further information, including soft copies of the Discussion Paper, is available from the IASB’s web site here.