On the ‘Disclosure Initiative – Principles of Disclosure’: The EAA Financial Reporting Standards Committee’s View

Aug 29, 2026

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This paper summarizes a comment letter prepared by a working group of 12 academics responding to the IASB Discussion Paper on principles of disclosure. The submission was produced by the Financial Reporting Standards Committee (FRSC) of the European Accounting Association (EAA). The work reviews related academic literature and addresses the disclosure problem and project objectives, communication principles, and the roles of primary financial statements and notes. It also examines information location, performance measures, disclosure of accounting policies, centralised disclosure objectives, and the New Zealand staff approach.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages33

Reading Time1 h 23 min

AccessFree to download

Introduction

Background and objectives of the Principles of Disclosure project

Disclosure Initiative and better communication theme

Accounting in Europe ISSN: 1744-9480 (Print) 1744-9499 (Online) Journal homepage: [https://www.tandfonline.com/loi/raie20](https://www.tandfonline.com/loi/raie20) On the ‘ Disclosure Initiative – Principles of Disclosure’: The EAA Financial Reporting Standards Committee’s View Cristina Abad, Elisabetta Barone, Benita M. Gullkvist, Niclas Hellman, Ana Marques, Jan Marton, Stephani Mason, Ricardo Luiz Menezes Silva, Ana Morais, Soledad Moya Gutierrez, Alberto Quagli & Anna Vysotskaya To cite this article: Cristina Abad, Elisabetta Barone, Benita M. Gullkvist, Niclas Hellman, Ana Marques, Jan Marton, Stephani Mason, Ricardo Luiz Menezes Silva, Ana Morais, Soledad Moya Gutierrez, Alberto Quagli & Anna Vysotskaya (2020) On the ‘ Disclosure Initiative – Principles of Disclosure’: The EAA Financial Reporting Standards Committee’s View, Accounting in Europe, 17:1, 1-32, DOI: 10. 1080/17449480 .2019.1664753 To link to this article: [https://doi.org/10.1080/17449480.2019.1664753](https://doi.org/10.1080/17449480.2019.1664753) | Article views: 916 | | --- | | View Crossmark data | | View related articles | | --- | | Citing articles: 6 View citing articles | Full Terms & Conditions of access and use can be found at [https://www.tandfonline.com/action/journalInformation?journalCode=raie20](https://www.tandfonline.com/action/journalInformation?journalCode=raie20) Accounting in Europe, 2020 Vol. 17, No. 1, 1–32, [https://doi.org/10.1080/17449480.2019.1664753](https://doi.org/10.1080/17449480.2019.1664753) On the ‘Disclosure Initiative – Principles of Disclosure’: The EAA Financial Reporting Standards Committee’s View CRISTINA ABAD*, ELISABETTA BARONE**, BENITA M. GULLKVIST†‡, NICLAS HELLMAN§, ANA MARQUES¶, JAN MARTON***, STEPHANI MASON††, RICARDO LUIZ MENEZES SILVA ‡‡, ANA MORAIS §§, SOLEDAD MOYA GUTIERREZ¶¶, ALBERTO QUAGLI**** and ANNA VYSOTSKAYA ††† *Departamento de Contabilidad y Economía Financiera, Universidad de Sevilla, Sevilla, Spain, **Department of Economics and Finance, Brunel University of London, London, UK, †Department of Accounting, Hanken School of Economics, Vaasa, Finland,‡Department of Accounting, Åbo Akademi University, Turku, Finland, §Department of Accounting, Handelshogskolan i Stockholm, Stockholm, Sweden, ¶Norwich Business School, University of East Anglia, Norwich, UK, ***Department of Business Administration, Goteborgs universitet Handelshogskolan, Goteborg, Sweden, ††School of Accountancy and MIS, DePaul University, Chicago, USA,‡‡Department of Accounting, University of Sao Paulo, Ribeirao Preto, Brazil, §§Department of Management, Universidade de Lisboa Instituto Superior de Economia e Gestao, Lisboa, Portugal, ¶¶Department of Economics, Finance and Accounting, SADE Business School, Sant Cugat del Valles, Spain, ****Department of Economics, University of Genoa, Genova, Italy and †††Department of Finance and Credit, Southern Federal University, Rostov, Russia ABSTRACT This paper summarises the contents of a comment letter produced by a working group of 12 academics in response to the International Accounting Standards Board (IASB) Discussion Paper on principles of disclosure. The comment letter was submitted by the Financial Reporting Standards Committee (FRSC) of the European Accounting Association (EAA) . The work includes reviews of relevant academic literature of areas related to the various questions posed by the IASB in the Discussion Paper, including the ‘disclosure problem’ and the objective of the project, the suggested principles of effective communication, the roles of the primary ﬁnancial statements and notes, the location of information and the use of performance measures. The paper also discusses the disclosure of accounting policies, the objectives of centralised disclosure, and the New Zealand Accounting Standards Board staff’s approach to disclosure. Keywords: disclosure; accounting principles; IFRS 1. Introduction This paper provides the views of the F

FAQs

What does the paper summarize about the IASB Disclosure Initiative?

It summarizes the contents of a comment letter submitted by the EAA Financial Reporting Standards Committee in response to the IASB Discussion Paper on principles of disclosure.

Which key topics does the comment letter address?

It covers the disclosure problem and project objective, principles of effective communication, roles of primary financial statements and notes, information location, and the use of performance measures.

How does the paper describe the purpose of the Principles of Disclosure project?

It aims to identify disclosure issues and develop or clarify disclosure principles in IFRS Standards to help entities apply better judgment and communicate information more effectively.

Aug 29, 2026

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