Financial Reporting
Print
Download Document
QCA response to the report of the Trustees Strategy Review
The Quoted Companies Alliance Financial Reporting Committee examined this consultation from the IFRS Foundations strategy review, which seeks views on the purpose of Financial Reporting Standards.
The committee commented on:
- how vital it is for the IASB focuses on the impact of the use of its standards on theoverall quality of financial reporting;
- how the IFRS should seek to ensure that financial statements be true and fair view;
- how the IASB should focus on proportionality for standards; and
- how there should be effective representation from smallerlisted/quoted companies on the IASB.