Someone suggested to me once that conceptual frameworks are solely (or perhaps mainly) strategic tools that accounting standard setters use: I do not believe that is the main motivation for standard setters. It may well not be a motivation at all. Is there any alternative? It is not fruitful to discuss the purpose of a… Continue reading What is a Conceptual Framework for?
Tag: Comment Letters
FX on eliminated intragroup balances
The IFRS Interpretations Committee issued in September 2025 a Tentative Agenda Decision Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset). The Tentative Agenda Decision is open for comment until 25 November 2025. It is available at IFRS – Tentative Agenda Decision and comment letters: Classification of a Foreign Exchange Difference… Continue reading FX on eliminated intragroup balances
Liability or equity?
I have submitted a comment letter to the IASB on 2 aspects of its Exposure Draft Financial Instruments with Characteristics of Equity, available at IFRS – Exposure Draft and comment letters: Financial Instruments with Characteristics of Equity—Proposed amendments to IAS 32, IFRS 7 and IAS 1 The comment deadline is 26 March 2024. The text… Continue reading Liability or equity?
How IASB members use comment letters
John Hughes runs an excellent blog on Accounting and IFRS Standards. In a recent post Language barriers and the IASB, or: please read the letter that I wrote! | John Hughes IFRS Blog (disclosurehub.org), John Hughes commented on my post Language Barriers to commenting on IASB proposals – Accounting Miscellany I need to pick up… Continue reading How IASB members use comment letters
Language Barriers to commenting on IASB proposals
A recent paper looked at whether language barriers deter people from responding to IASB exposure drafts. It also discussed whether the IASB pays too little attention to comment letters from countries where the main language is very different from English. The paper “No Comment”: Language Barriers and the IASB’s Comment Letter Process, by Eduardo Flores,… Continue reading Language Barriers to commenting on IASB proposals
All disclosure requirements belong in one standard
Disclosure requirements in IFRS Standards are distributed throughout almost all of the standards. In my view, the IASB should consolidate all its disclosure requirements into one location in one standard. I explain that view in a comment letter I have submitted on the IASB’s exposure draft Disclosure Requirements in IFRS Standards—A Pilot Approach. My response… Continue reading All disclosure requirements belong in one standard