The International Accounting Standards Board (IASB) has noted that now its work on developing and bringing to issue the recent suite of new standards (IFRS 15 on revenue, IFRS 16 on leases, IFRS 9 on financial instruments and IFRS 17 on insurance), it has turned its attention to looking to improve the way companies communicate with their investors.

This is a project which has resulted from its outreach with investors and reflects the long held and widely communicated view of investors that useful information in financial statements is often either hidden behind boilerplate disclosures or is just simply poorly presented.