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

Cristina Abad, Elisabetta Barone, Benita Gullkvist, Niclas Hellman, Ana Marques, Jan Marton, Stephani Mason, Ricardo Silva, Ana Morais, Soledad Gutierrez, Alberto Quagli, Anna Vysotskaya

Research output: Contribution to journalArticlepeer-review

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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.
Original languageEnglish
Pages (from-to)1-32
Number of pages32
JournalAccounting in Europe
Volume17
Issue number1
Early online date29 Sep 2019
DOIs
Publication statusPublished - 2 Jan 2020

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

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