BC358 The boards observed that in the absence of more specific disclosure requirements for interim financial reports, an entity should apply IAS 34 Interim Financial Reporting or Topic 270 Interim Reporting to determine the information about revenue from contracts with customers that the entity should disclose in its interim financial reports. Those requirements require, as a general principle, an entity to disclose information about significant changes in its financial position and performance since the end of the last annual reporting period. The boards considered whether to amend IAS 34 and Topic 270 to specify that the entity provide the same quantitative disclosures about revenue in its interim financial reports as those in its annual financial statements.
BC359 Many preparers and other respondents broadly disagreed with the boards' proposals to make amendments to IAS 34 and Topic 270. They explained that requiring all of the quantitative disclosures in interim financial reports w
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