EFRAG and the National Standard Setters of France, Germany, Italy and the United Kingdom have published two further Bulletins to promote discussion, and to ensure that European views are influential in the debate on the IFRS Conceptual Framework.
The two new Bulletins are:
The role of the business model in financial reporting. This Bulletin considers whether financial reporting based on the business model notion provides useful information.
The role of a Conceptual Framework. This Bulletin considers: the purpose of the Framework for the IASB; the completeness of the Framework for setting requirements; the role of the Framework for preparers; the decision-making process derived from the Framework; and the consequences of a revised Framework for existing IFRS.
Comments are invited by 30 September 2013. The comments received will be considered in developing views so as to best express European views in the IASB consultation process.