IASB unanimously decides to finalise the revision of the Management Commentary Practice Statement
IASB unanimously decides to finalise the revision of the Management Commentary Practice Statement
The IASB, during its meeting held on 19 June 2024, unanimously agreed to move forward with finalising the revision of IFRS Practice Statement 1 Management Commentary by making targeted refinements to its proposals set out in the Exposure Draft Management Commentary.
The revision to the Practice Statement is in response to demand for better information about the factors that have affected or could affect a company’s ability to create value and generate cash flows, including in the long term.
The IASB expects to issue the revised Practice Statement in the first half of 2025.
The announcement by the IASB on this decision may be accessed here.
The revision to the Practice Statement is in response to demand for better information about the factors that have affected or could affect a company’s ability to create value and generate cash flows, including in the long term.
The IASB expects to issue the revised Practice Statement in the first half of 2025.
The announcement by the IASB on this decision may be accessed here.