banner

Final IBFed response to IASB on Conceptual Framework

11 Aug 2014

The IBFed believes that the Conceptual Framework (CF) should be the primary conceptual source for development of any new requirements and guidance and also used as a tool by preparers in preparation of financial statements in the absence of a standard addressing a particular issue. While concepts in the Framework should be sufficiently detailed to be useful for the IASB as well as others such as the IFRS Interpretations Committee, the CF should remain principle based and refrain from addressing specific accounting issues which may be more appropriately addressed at a standards-setting level.

Final IBFed response to IASB on Conceptual Framework
 
IBFED would like to place cookies on your computer to help us make this website better. By continuing to use the site you are agreeing to our use of cookies.
To find out more about the use of cookies, please see our privacy policy