On the ‘Disclosure Initiative – Principles of Disclosure’: The EAA Financial Reporting Standards Committee’s View

Abad, Cristina, Barone, Elisabetta, Gullkvist, Benita, Hellman, Niclas, Marques, Ana, Marton, Jan, Mason, Stephani, Silva, Ricardo, Morais, Ana, Gutierrez, Soledad, Quagli, Alberto and Vysotskaya, Anna (2020) On the ‘Disclosure Initiative – Principles of Disclosure’: The EAA Financial Reporting Standards Committee’s View. Accounting in Europe, 17 (1). pp. 1-32. ISSN 1744-9499

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Abstract

This paper summarises the contents of a comment letter produced by a working group of 12 academics in response to the International Accounting Standards Board (IASB) Discussion Paper on principles of disclosure. The comment letter was submitted by the Financial Reporting Standards Committee (FRSC) of the European Accounting Association (EAA). The work includes reviews of relevant academic literature of areas related to the various questions posed by the IASB in the Discussion Paper, including the ‘disclosure problem’ and the objective of the project, the suggested principles of effective communication, the roles of the primary financial statements and notes, the location of information and the use of performance measures. The paper also discusses the disclosure of accounting policies, the objectives of centralised disclosure, and the New Zealand Accounting Standards Board staff’s approach to disclosure.

Item Type: Article
Uncontrolled Keywords: ifrs,accounting principles,disclosure,accounting standards,recognition,information,non-gaap disclosures,cash flows,mandatory ifrs adoption,investors,pro forma earnings,value-relevance,managers use,accounting,business and international management,finance ,/dk/atira/pure/subjectarea/asjc/1400/1402
Faculty \ School: Faculty of Social Sciences > Norwich Business School
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Depositing User: LivePure Connector
Date Deposited: 15 Oct 2019 10:30
Last Modified: 11 Jul 2020 23:52
URI: https://ueaeprints.uea.ac.uk/id/eprint/72585
DOI: 10.1080/17449480.2019.1664753

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