IASB issues the ED Conceptual Framework for Financial Reporting

The IASB published for public comment an Exposure Draft proposing a revised Conceptual Framework for Financial Reporting.  The proposals aim to improve financial reporting by providing a more complete, clearer and updated set of concepts that can be used by the IASB when it develops IFRS and others to help them understand and apply those Standards.

The Exposure Draft is open for comments until 26 October 2015.