Click here to download

Dialogue with standard setters. Disclosure initiative and related research projects
Journal Title: FINANCIAL REPORTING 
Author/s: Raffaele Fiume, Tiziano Onesti, Stefano Bianchi 
Year:  2019 Issue: Language: English 
Pages:  9 Pg. 145-153 FullText PDF:  360 KB
DOI:  10.3280/FR2019-001005
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 


The disclosure in financial statements is one of the pillars of the framework of the International Financial Statements (IFRS). All the standards include a relevant section with indication about the information and data to be disclosed in the notes, however the feedbacks received from the stakeholders and users indicated the existence of concerns about the effectiveness of disclosures in financial statements and about the disclosure overload. In order to respond to the above concerns and feedbacks, the International Accounting Standards Board (IASB) launched the Disclosure Initiative in 2013. The Disclosure Initiative is a multi-faced project that involves various IFRSs aiming to limit the disclosure in the financial statements and improving the financial information, it is part of the global project “Better Communication in Financial Reporting that will be implemented in order to improve the way financial information is prepared by the IFRS entities. The purpose of the following review is to analyse the different stages of the Disclosure initiative between the four completed phases and the on-going projects and to comment its results.
Keywords: Disclosure initiative, materiality, principles of disclosure, primary financial statements

Raffaele Fiume, Tiziano Onesti, Stefano Bianchi, in "FINANCIAL REPORTING" 1/2019, pp. 145-153, DOI:10.3280/FR2019-001005

   

FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content