Marshall: Conceptual Framework review matters for IFRS

24 Jun 2015

The International Accounting Standards Board (IASB) consultation on the Conceptual Framework is crucial for the development of future IFRS accounting standards so it is essential that preparers review the exposure draft and give feedback to ensure the final document does not further complicate current accounting requirements, says Andrew Marshall, senior technical partner at KPMG UK

In May the International Accounting Standards Board (IASB) issued an exposure draft (ED) on a revised version of its Conceptual Framework for Financial Reporting (the framework). The IASB is asking for comments on this by 26 October. The issuance passed without much notice in many circles.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Finance | ISSB to open Geneva office to support sustainability standards

Finance | Minor amendments to FRS 101 to improve clarity

Finance | Urgent amendment to IFRS for SMEs on consolidation exception

Finance | IFRS Foundation cuts costs by 15%

Finance | UK moves to integrated reporting with SRS S1/S2 launch

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily