IASB urges FDs to simplify annual reports

Company annual reports are often long and unclear as auditors and finance directors cram them with information to satisfy regulators, according to the International Accounting Standards Board (IASB).

“For many companies, the size of their annual report is ballooning,” IASB head Hans Hoogervorst said at a financial reporting conference in Amsterdam

“The amount of useful information contained within those disclosures has not necessarily been increasing at the same rate. The risk is that annual reports become simply compliance documents, rather than instruments of communication.”

Those preparing annual reports...

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