This update highlights the recent and upcoming activities in the Disclosure Initiative including:
- Materiality:
- Exposure Draft of the proposed Practice Statement; and
- aligning the definition and additional paragraphs for IAS 1
- Principles of Disclosure project
- aggregation of information;
- content of the notes;
- drafting of disclosure requirements;
- review of IAS 8;
- disclosure of accounting policies; and
- presentation on the face or in the notes.
- Next steps