IPSASB September 2014 Meeting Audio Podcast Highlights
Highlights from the IPSASB's September 15-18, 2014, meeting in Brussels, Belgium.
:54 – Approval of Conceptual Framework
2:11 – Updates on Current Projects
4:04 – Strategy and Work Plan Consultation
5:33 - Social Benefits Consultation Paper
6:18 - Chair’s Closing Remarks
Developing and Reporting Supplementary Financial Measures—Definition, Principles, and Disclosure
The IFAC Professional Accountants in Business (PAIB) Committee has released International Good Practice Guidance, Developing and Reporting Supplementary Financial Measures, to provide recommendations for the use of supplementary financial measures as part of high-quality financial reporting in organizations. Since supplementary financial measures fall outside the remit of GAAP, they may lack transparency, comparability, and consistency—essential qualities for investors and other stakeholders wanting to assess financial performance.