The IASB has published Discussion Paper that suggests principles to make disclosures in financial statements more effective. This Discussion Paper, published by the International Accounting Standards Board, could lead to amendments to IAS 1, the Standard covering general disclosure requirements, or the development of a new general disclosure Standard.

Discussion Paper issued by IASB on Disclosure Initiative - Principles of Disclosure is for comments only. Comments on the Discussion Paper need to be received by August 16, 2017.

Invitation to comment

ASB invites comments on the Discussion Paper from the public. The downloadable version of the draft is available at: http://resource.cdn.icai.org/45630asb35792d1.pdf

How to comment

Comments should be submitted using one of the following methods:

1. Electronically: Visit at the following link (Preferred method):
http://www.icai.org/comments/asb/
2. Email: Comments can be sent to: commentsasb@icai.in
3. Postal: Secretary, Accounting Standards Board,
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg,
New Delhi 110 002
Further clarifications on this Exposure Draft may be sought by e-mail to asb@icai.in