IASB Discussion Paper for A New Conceptual Framework (July, 2013): A Review
Introduction
In July, 2013, International Accounting Standards Board (IASB) released a discussion paper “A Review of the Conceptual Framework for Financial Reporting.” In 2011, IASB published an agenda discussion, and it received many feedbacks on the Conceptual Framework project (IFRS 2013). Based on the constituent feedback, IASB reinstated the project. The idea behind the Discussion Paper is to take views and comments into consideration while preparing the future exposure draft and doing the revision of the Conceptual Framework. The primary focus for IASB is to get a review on the areas that are known to have created application issues. Furthermore, ...