22/05/2017 - Better Communication: Disclosures, what do analysts and investors need?
EFRAG, the European Federation of Financial Analysts Societies (EFFAS), the Norwegian Society of Financial Analysts (NFF) and the Norwegian Accounting Standard Board (NASB) are pleased to invite you to participate in a joint user event, on Thursday 15 June 2017 (12:30-14:45) in Oslo, Norway on the IASB Discussion Paper Disclosure Initiative- Principles of Disclosure.
The Discussion Paper (DP) is part of the IASB's work on Better Communication in Financial Reporting. It suggests principles governing what, how and where information should be disclosed, in the financial statements, to improve the information provided to users.
The event introduces the main elements of the DP, the preliminary views held by the IASB and will be focused on the information needs of investors by seeking input on the following issues:
- Can principles make communication more effective?
- What do investors think are useful examples of disclosures in the financial statements?
- Does it make a difference presenting information separately in the primary financial statements rather than presenting it aggregated in the primary financial statements and disclosing it solely in the notes?
- What is the impact of cross-referencing IFRS information outside the financial statements for investors?
- Should 'non-IFRS information' be permitted within the financial statements?
- Alternative (non- IFRS) performance measures in the financial statements: misleading or useful?
- Should EBITDA be permitted or required in the financial statements?
- Should unusual and infrequent items be separately presented and if so how?
- How important is the application of materiality when deciding what and how to disclose information?
- Concerns have been raised about the disclosures in IFRS 13 Fair Value Measurement. Do you think the principles in the DP will address those concerns?
The event is directed at investors and analyst and is by invitation only. However, should you be interested in attending as participant, please feel free to contact us as we have a limited number of extra seats. There is no charge for the participation and the event will be in English. The feedback will be used by EFRAG in providing input to the IASB's Discussion paper. EFRAG's preliminary responses to the questions in the IASB's Discussion Paper have been issued on 5 May 2017 and can be found here.