IASB plans to prioritise intangibles reporting under IFRS
The head of the International Accounting Standards Board (IASB) has set out plans for changes to financial reporting under IFRS to reflect the importance of intangibles reporting, create a stricter definition of operating profit and introduce management performance measures (MPM).
The IASB is currently focusing on two specific areas, primary financial statements and management commentary, to improve the quality of reporting for analysts and key stakeholders, with the objective of improving the structure and quality of financial statements and creating a better platform for broader developments in corporate reporting.
Read more at the Accountancy Daily.
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