Will financial statements become (more) relevant?
November 17, 2019
In 2013 the International Accounting Standards Board (IASB) received feedback at its public Discussion Forum on Financial Reporting Disclosure. The IASB con- cluded that the essence from the public’s feedback is that financial statements need to communicate better. The IASB is committed to address and resolve this issue referred to as the ‘disclosure problem’, which led to the Disclosure Initiative.