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Investor survey—information needs resulting from changes in accounting policies and estimates

 12 January 2015


As part of its Disclosure Initiative work, the International Accounting Standards Board (IASB) is undertaking a project on Principles of Disclosure, which includes research into the requirements in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.

Today’s accounting requirements make a distinction between how a company should present and disclose different types of accounting changes in its financial statements. The requirements for the presentation and disclosure of a change in an accounting policy are much stricter than for a change in an accounting estimate. The IASB would like to better understand whether these requirements generate the information that investors and analysts need, and whether the distinction between the two types of changes is useful or necessary.

The Italian standard-setter Organismo Italiano Contabilità (OIC) is helping the IASB by undertaking further research on this topic. This includes developing a short investor survey that is designed to better understand:

  •  the type of information in financial statements that investors need when a company makes an accounting change;
  • whether the type of change affects investors’ information needs; and
  • whether there is more than one way by which companies could provide information about accounting changes that would satisfy investors’ needs.

The survey can be accessed here. Responses are confidential and non-attributed. The deadline to respond is 15 February 2015.

Find out more about the Principles of Disclosure project, and about the IASB’s investor activities.

 

 

 

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