The Accounting Standards Council (ASC) and the Institute of Singapore Chartered Accountants (ISCA) will be holding a Round-table meeting to solicit stakeholders’ feedback on the Discussion Paper on Principles of Disclosure issued by the International Accounting Standards Board (IASB).
Principles of Disclosure Project
The IASB’s Principles of Disclosure project seeks to address existing issues associated with disclosure ineffectiveness in financial statements. These issues include insufficient relevant information and excessive irrelevant information, at times simultaneously.
The aim is to develop a disclosure standard that improves and brings together the principles for determining the basic structure and content of financial statements, particularly the notes. This work is also expected to support the IASB’s future review of existing disclosure requirements in other standards.
More details can be found on the IASB’s website at http://www.ifrs.org/projects/work-plan/principles-of-disclosure.
Invitation to Participate at ASC-ISCA Round-table
In recognition of the importance of effective disclosures in financial reporting, the ASC and the ISCA would like to invite interested stakeholders to participate at the ASC-ISCA Round-table. The Round-table will provide a platform for participants from various stakeholder groups – for example, preparers, users, auditors and regulators – to share their views on the Discussion Paper.
Details of the Round-table are as follows:
If you are interested to participate in the Round-table, please email to MOF_Feedback_ASC@mof.gov.sg by 12 July 2017 with the following details:
- Your full name, designation and email contact details
- Your organisation name and industry
- Your broad views or questions on the Discussion Paper that you intend to share or raise at the Round-table
The Round-table can accommodate a limited number of participants and priority will be given to registrants based on their views and/or questions. In the interest of admitting as many interested stakeholders as possible, only one participant per organisation will be admitted. Successful registrants will be notified by email after the registration closing date.