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27/06/2017 - Better Communication: Seeing the wood for the trees: role of disclosures?

​​The European Financial Reporting Advisory Group (EFRAG), the Polish Accounting Standards Committee together with the Accountants' Association in Poland and the Polish Chamber of Statutory Auditors invite you to participate in a joint outreach event on the IASB Discussion Paper Disclosure Initiative - Principles of Disclosure on 12 September 2017 in Warsaw, Poland (10:00 to 12:30, local time).


​The Disclosure Initiative is part of the IASB's work on Better Communication in Financial Reporting. The Discussion Paper (DP) suggests principles governing what, how and where information should be disclosed in the financial statements to improve the information provided to users of financial statements. The event also covers areas involving disclosures under IFRS currently being considered by the IASB in other projects.

The event introduces the main elements of the Discussion Paper and seeks input on the following issues:

  • 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?
  • What is the impact of cross-referencing IFRS information outside the financial statements?
  • 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?
  • How can disclosure of accounting policies be made more relevant?
  • Will centralised objectives in a single disclosure standard help entities to make their disclosures more effective?
  • What are the pros and cons of disclosure objectives and prescriptive disclosures? Can a better balance be found?
  • How important is the application of materiality when deciding what and how to disclose information?

The IASB will participate in the event.

Please see the full save the date and information to register (no later than 31 August 2017) here.

Registration for the event is on first come basis. The places for the event are limited. There is no charge for the participation and the event will be held in English/Polish with translation into English.