UK: FRC discussion paper 'Towards a Disclosure Framework for the Notes'

The Financial Reporting Council, together with the European Financial Reporting Advisory Group (EFRAG) and the Autorité des Normes Comptables (ANC) in France, has published a discussion paper titled Towards a Disclosure Framework for the Notes: see here (pdf). As well as questioning whether the notes continue to serve a useful purpose, the paper also outlines some principles that the EFRAG, ANC and FRC believe are essential to the design of an effective disclosure framework.