The Trustees of the IFRS Foundation welcomed the conclusions of a report prepared for them by an independent group of experts on how the IASB could strengthen how it assesses and reports the likely effects of proposed IFRSs.
The Consultative Group’s report identified a series of recommendations related to general purpose financial reports, fieldwork and the reporting of likely effects. The Trustees will work with the IASB to implement the recommendations of the Consultative Group.

Please find herewith attached the press release.