IFAC Response to the IASB Discussion Paper, A Review of the Conceptual Framework for Financial ReportingIn response to the International Accounting Standards Board (IASB)'s Discussion Paper, A Review of the Conceptual Framework for Financial Reporting, IFAC submitted a comment letter. IFAC strongly supports the development of the Conceptual Framework to extend and clarify the principles that underpin International Financial Reporting Standards (IFRS), as it is central to strengthening the credibility and understandability of general purpose financial reporting. IFAC considers it important to align existing and forthcoming standards currently under development with the revised Conceptual Framework and believes it would, therefore, be useful for the IASB to provide an indication of how it will go about achieving that alignment.
IFAC Response to the IASB Discussion Paper, A Review of the Conceptual Framework for Financial Reporting (PDF | 66K)
Date: Jan 14, 2014
Copyright © 2015 The International Federation of Accountants (IFAC). All rights reserved.
You must be signed in to the IFAC website in order to submit a comment. If you do not have an account, please register below. IFAC respects your privacy and will not send you unsolicited email or spam. You can subscribe to IFAC publications, change your subscription preferences, or manage your user profile at any time.