BCZ31B In March 2017 the Board published the Discussion Paper Disclosure Initiative - Principles of Disclosure (Discussion Paper) to help it identify and address issues related to the disclosure of information in financial statements prepared by an entity applying IFRS Standards. One issue related to the disclosure of information about accounting policies.
BCZ31C The Discussion Paper noted that IAS 1 at that time required entities to disclose their significant accounting policies and that stakeholders, including primary users of financial statements, differ in their views about what constitutes a significant accounting policy.
BCZ31D Feedback on the Discussion Paper suggested that the Board develop requirements and guidance to help entities make more effective accounting policy disclosures. Feedback from stakeholders suggested that materiality be the basis of such requirements or guidance.
BCZ31E In August 2019 the Board published the Exposure Draft Disclosure of Accountin
…