continuous disclosure requirements, analysts’ presentations, regular financial reporting and even social media commentary. The European Financial Reporting Reporting Advisory Group’s (EFRAG) consultative document, “Towards a Disclosure Framework for the Notes” addresses the volume of note disclosures in financial statements that prevent the reader from “seeing the wood for the trees” by setting out some principles for a decision framework, to change how disclosure requirements are set and applied.
Westworth Kemp’s submission (see PDFs below) supports these moves and also encourages standard setters with related projects to work together to reduce the volume of disclosures and improve the quality of financial communications.
Disclosure framework response.pdf
Disclosure Framework specific responses.pdfTags:NewsAssuranceCompany |
Chris and Stephanie act as consultants and experts (“clean” and “dirty” experts) in the context of dispute resolution on a variety of financial reporting and audit issues.
Westworth Kemp Consultants can provide support to businesses, professional practices and regulators seeking to implement systems designed to foster compliance
Independent advice on the interpretation of auditing (or assurance) and accounting (or financial reporting) standards can be hard to find.
© Copyright Westworth Kemp Consultants 2012.
Website design and development by Snap (St Leonards)