Better communication in financial reporting

Better communication in financial reporting

All the standards focus on presentation and disclosure of specific areas in the financial statements and the disclosure requirements have increased constantly with each new or revised standard issued. This has reached the point where preparers and users of financial statements are commenting on how burdensome it has become to prepare and use these financial statements.

On the other extreme, users are still complaining that there’s not enough relevant information in the financial statements.

The IFRS Foundation has noted these concerns.

This webinar covers what is being done to increase relevant information, decrease irrelevant information and generally improve the effectiveness of communication in the financial statements.