IASB-FASB DISCUSSION PAPER - PRELIMINARY VIEWS ON AN IMPROVED CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING

Date: 31/10/2006

Title: IASB/FASB Discussion Paper - Preliminary Views on an Improved Conceptual Framework for Financial Reporting

Type: Policy & Advocacy: Submission

Abstract: AICD"s submission to the International Accounting Standards Board (IASB) recognises the benefits of common global standards but is concerned that the proposed conceptual framework is not in the best interests of the majority of companies following IFRS. We also believe that the process of rule amendment and interpretation, which is already difficult, will be worsened if the IFRS and FASB standards are replaced by a single set of standards.

File:
AICDSubmissiontoIASBonConceptualFramework311006.pdf