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Tackling complexity by a disclosure framework

Posted by Chris Westworth on 18 December 2012
The complexity of information about a company lies not only in the complexity of the financial statements themselves but also in the plethora of sources of information about the company, including


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.pdf
Author:Chris Westworth

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