The International Accounting Standards Board decided Tuesday to move forward with updating management commentary guidelines without the involvement of its sister body.
The management commentary gives leadership’s views on items that could affect financial performance. The update is designed to tackle perceived problems that commentary disclosures are too generic and short term.
All 14 IASB members voted to complete the project, which was put on hold following the launch of the International Sustainability Standards Board in 2021.
The management commentary includes sustainability disclosures and there were calls for the two rulemakers to work together on updating the guidance.
- Accounting board ...
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