IASB publishes Exposure drafts to Conceptual Framework

The International Accounting Standards Board (IASB) today published for public consultation proposals to improve The Conceptual Framework for Financial Reporting. The Conceptual Framework underpins International Financial Reporting Standards (IFRS) and helps the IASB to develop Standards that bring transparency, accountability and efficiency to financial markets around the world… further information (IASB ED/2015/3  Conceptual Framework for Financial Reporting and Basis for Conclusions;  IASB ED/2015/4 Updating References tot he Conceptual Framework)

This draft can be accessed the project website or on the ‘Comment on a proposal’ page on www.ifrs.org. The IASB requests comments on the proposals by 26 October 2015.