12/05/2017 - Have the details of the disclosures brought us too close to the wall to see the wood for the trees: Role of disclosures
On Wednesday 14 June, the Confederation of Danish Industry (DI) and FSR (Danish Auditors), together with EFRAG, invite you to participate in a joint outreach event in Copenhagen (13:30 to 16:30) on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure.
EFRAG, the Confederation of Danish Industry (DI) and FSR – Danish Auditors are pleased to invite you to a meeting on the IASB Discussion Paper (DP) Disclosure Initiative Principles of Disclosure on 14 June 2017 in Copenhagen (13:30 to 16:30).
The event introduces the main elements of the DP and seeks input on a number of the key questions in the paper. What are the main causes of the 'disclosure problem'? Can principles make communication more effective? Does it make a difference presenting information separately in the primary financial statements rather than disclosing it solely in the notes?
The DP also links into the debate on how to make the disclosure of accounting policies more relevant, what are the pros and cons of disclosure objectives versus prescriptive disclosures, and how important is the application of materiality when deciding what and how to disclose information in general and in the notes in particular.
The feedback will be used by EFRAG, DI and FSR in providing their input to the IASB's Discussion paper.
The Discussion Paper will be presented by Senior Technical Manager Mariela Isern, IASB, via video. Andrew Watchman, Chairman of EFRAG TEG, will give the preliminary European view on the DP. The debate will be facilitated by Jan Peter Larsen (FSR) and Kristian Koktvedgaard (DI).