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Exposure Draft [March 2014]

Exposure Draft March 2014

Exposure Draft and Comment letters

The International Accounting Standards Board today published for public comment an Exposure Draft outlining proposed amendments to IAS 1 Presentation of Financial Statements.

The proposal results from one of several short-term projects under the IASB’s Disclosure Initiative.

Many respondents to the IASB’s Agenda Consultation 2011 asked the IASB to review the disclosure requirements in existing IFRS, to explore ways to improve disclosures. Consequently, in 2013 the IASB started the Disclosure Initiative, a package of several projects aimed at improving the disclosure of financial information.

The Exposure Draft proposes narrow-focus clarifying amendments to IAS 1 to address some of the concerns expressed about existing presentation and disclosure requirements and to ensure entities are able to use judgement when preparing their financial statements.

Comment letter deadline

The Exposure Draft comment period ended on 23 July 2014.

Please note: when submitting a comment letter or when communicating with the IFRS Foundation, the IASB or any of its constituent bodies, you acknowledge and accept the IFRS Foundation Written Communication policy which details how we use and process your data.

View the Comment letters.


Due process documents
Exposure Draft Disclosure Initiative (Proposed amendments to IAS 1) [PDF]
公開草案: 開示に関する取組み
 (Japanese) [PDF]
Exposé-sondage: Initiative concernant les informations à fournir (projet de modification d’IAS 1) (French) [PDF]
(Date limite de réception des commentaires : le 23 juillet 2014)
Proyecto de Norma: Iniciativa de Información a Revelar (Modificaciones propuestas a la NIC 1) (Spanish) [PDF]
(Recepción de comentarios hasta el 23 de julio de 2014)



Disclosure Initiative amendments:

Amy Bannister
Technical Associate


Presentation of items of other comprehensive income arising from equity-accounted investments amendments:

Tiernan Ketchum
Technical Associate