Future of financial reporting to be debated

By Amy Hutchinson, Assistant Director – Technical Policy

2 November 2015

The future of financial reporting will be debated at a forthcoming event, hosted jointly by ICAS and the International Accounting Standards Board (IASB).

The event, on 1 December in central London, will focus on the IASB’s current agenda consultation exercise, as well as their ongoing work on the conceptual framework for financial reporting.

These are projects of fundamental importance to all those involved in the financial reporting process as they will both impact on how the IASB works to develop IFRSs in the future. The results of an ICAS/EFRAG funded research project on professional investors’ views on the decision-usefulness of financial reporting will also be presented.

The event is aimed at preparers, auditors, investors and academics, with the discussion to be led by an expert panel, including:

  • Ian Mackintosh, Sue Lloyd, Hugh Shields and Peter Clark of the IASB
  • Andrew Buchanan, Global Head of IFRS, BDO
  • Mark Clatworthy, Professor of Accounting, University of Bristol
  • Françoise Flores, TEG Chairman and CEO, European Financial Reporting Advisory Group (EFRAG)
  • Liz Murrall, Director of Stewardship, Investment Association
  • David Wood, Executive Director, Technical Policy and Practice Support, ICAS
  • Stefano Zambon,  Chair of Accounting and Business Economics,  University of Ferrara

David Wood said: “This is a great opportunity for ICAS members and other stakeholders to discuss some of the big issues in financial reporting with IASB board members and other experts in the field.

“It’s a chance to have a say on what are the key issues for the IASB going forward, the impact on financial reporting of the development of wider corporate reporting initiatives, and the role of the conceptual framework. ”

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  • Corporate and financial reporting

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