IASB Issues Revised Practice Statement on Management Commentary

IASB revises Practice Statement on management commentary

The International Accounting Standards Board (IASB) has issued a revised Practice Statement on management commentary, aiming to enhance global alignment and improve the quality of narrative reports accompanying financial statements. This revision addresses investor concerns about current practices and sets a global benchmark for regulators to update or develop national requirements and guidance. The revised Practice Statement is also designed to…

IASB Issues Revised Practice Statement on Management Commentary

The revised Practice Statement supports improvements to and greater global alignment in management commentary and narrative reports accompanying the financial statements.