International Accounting Standards Board (IASB) Management Commentary Discussion Paper

MANAGEMENT COMMENTARY DISCUSSION PAPER – A paper prepared for the International Accounting Standards Board

 

This Discussion Paper examines the potential for the International Accounting Standards Board (IASB) to develop standards or guidance for management commentary (MD&A in Canada and the United States).  The IASB is requesting comments on the paper.  Comments on all matters discussed in the document are encouraged, although the IASB is particularly interested in observations about:

• the need for standards or guidance for management commentary (MC);
  
• the objective for MC, principles, qualitative characteristics and content for MC; and,
  
• criteria for determining whether information should appear in the financial statements or MC.

 

Please send your comments to Chris Hicks, CA, at the Canadian Institute of Chartered Accountants (chris.hicks@cica.ca).  He will ensure that they are forwarded to the IASB.  Comments need to be received by the IASB no later than April 28, 2006.