The International Accounting Standards Board (IASB) frequently releases public statements on a range of regulation. For example, on definitions around capital and expected losses related to credit risk measuring, which is laid out in the different Basel Committee papers.

In many previous statements, the IASB’s objective has been clear: to focus on representing the correct information within the financial statements of different organisations. In recent speeches it has highlighted that key performance indicators (KPIs) will be investigated and some guidelines will be published.

Only last year the IASB decided it would not create its own KPIs and regulate them. Now it has decided that financial institutions that are required to publish KPIs in financial statements will have to include the KPI definitions, including any links to definitions relating to financial statement items defined in IAS 1 Presentation of Financial Statements.