Draft Comment Letter published: The Disclosure Pilot

Date: 27 August 2021

The UK Endorsement Board (UKEB) has published its Draft Comment Letter  on the IASB ED/2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach  (the “Disclosure Pilot”)This exposure draft (ED) proposes that an objectives based disclosure regime be used when drafting IFRS standards, and proposes comprehensive amendments to the disclosure requirements in IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits.  The UKEB Draft Comment Letter expresses support for the principles contained in the ED but highlights a number of practical concerns.

We are keen to hear your views on this important set of proposed changes and welcome feedback on the Draft Comment Letter – both comprehensive or just addressing specific questions.

The UKEB will consider all stakeholder feedback received by 01 November 2021 for inclusion in its final comment letter to the IASB.  Feedback can be sent to Contact@endorsement-board.uk

Link to Draft Comment Letter: Click here

Link to the Invitation to Comment and the Your Details document: Click here:

For more information on the proposals and the UK Endorsement Board’s approach to this project, please see our website: Click here