The International Accounting Standards Board (IASB) has issued a revised Practice Statement on management commentary.
Investors had highlighted shortcomings in current practice, and in response the IASB carried out a major overhaul to help improve both the quality and focus of the information provided.
The IASB intends the revised Practice Statement to serve as the global benchmark for regulators to use in updating, or developing their national requirements,
IASB also worked closely with the International Sustainability Standards Board (ISSB) to help align respective requirements and to hep facilitate connected information across a company’s financial reports.
Check out the video IASB has made at: Video: IASB Vice-Chair and ISSB Vice-Chair explain revised Practice Statement
