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Management Commentary (2010) - DP Stage


This project aimed at developing guidance on the presentation of information presented outside the financial statements in the form of management's explanation of the enterprise's financial condition, changes in financial condition, results of operations, and causes of changes in material line items.

In its October 2002, the International Accounting Standards Board (IASB) and its partner national standard-setters recommended that work should begin on a project to examine the potential for the IASB to develop standards or guidance for management commentary.There was general acknowledgement that guidance on this topic was needed and that preparers of financial statements were looking to both the IASB and the International Organization of Securities Commissions (and others) to provide it.

The IASB subsequently published a Discussion Paper to contribute to the debate on management commentary and to seek views on the topic from interested parties. The discussion paper was prepared for the IASB by staff of its partner standard-setters from Canada, Germany, New Zealand, and the United Kingdom.

EFRAG issued its comment letter in response to the Discussion Paper in May 2006.

[The publication dates of some of the documents related to this project do not necessarily reflect the date when the document was received of published on EFRAG's website].

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