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 specific responses.pdf
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