IASB publishes Management Commentary IFRS Practice Statement

Earlier this week the International Accounting Standards Board published a non-binding framework for the presentation of narrative reporting to accompany financial statements prepared in accordance with IFRSs. The framework takes the form of an IFRS Practice Statement titled Management Commentary and is available here (pdf). The Practice Statement is designed to promote good practice in financial reporting and comparability across entities that present management commentary. For further background information see here.