Management Commentary: FRC/IASB Joint outreach event
14 Oct 2021 4:00pm to 5:00pm
Management Commentary or the Strategic Report in the UK is an important source of information for investors and creditors. Despite developments in narrative reporting in recent years, investors still report a number of significant shortcomings in reporting practices.
The FRC will be hosting a joint outreach event with the IASB to discuss the IASB's proposals for a comprehensive, objectives-based framework for management commentary to better meet global capital market needs and to facilitate high-quality, globally consistent narrative reporting. The exposure draft
of the proposed new framework is open for comment until 23 November 2021.
The IASB will be represented by Board member Nick Anderson and Technical Staff members Yulia Feygina and Matt Chapman.
Mark Babington and Deepa Raval from the FRC will provide an overview of the UK context for wider corporate reporting including the Strategic Report.