2008-08 IASB DISCUSSION PAPER - REDUCING COMPLEXITY IN REPORTING FINANCIAL INSTRUMENTS

Date: 26/08/2008

Title: 2008-08 IASB discussion paper - Reducing complexity in reporting financial instruments

Type: Policy & Advocacy: Submission

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Abstract:

AICD's answers to the specific questions posed by the discussion paper may be summarised as follows:

• AICD commends the International Accounting Standards Board (IASB) for this effort to reduce complexity and encourages then to develop principle -based standards.

• An interim solution may not reduce complexity. AICD encourages IASB to work towards a long term solution

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SUBM2008-08 IASB discussion paper - reducing complexity in reporting financial instruments