Heads Up: IASB Issues Practice Statement on Management Commentary
Volume 17, Issue 44
The attached issue of Heads Up discusses the recent IASB Practice Statement, Management Commentary, which "sets out the principles, qualitative characteristics and elements of management commentary that are necessary to provide users of financial reports with useful information." The practice statement presents a general, nonbinding framework. That is, it is not a formal standard that entities reporting under IFRSs are required to comply with.
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