Response to the IASB’s consultation on ED General Presentation and Disclosures

UKSA and ShareSoc have responded to the IASB’s consultation on “ED General Presentation and Disclosures”, part of their Primary Financial Statements project and focusing on proposed changes to mainly the statement of profit or loss, leaving statements of cash flows and balance sheets to later stages. This consultation is important to shareholders as users of financial statements and especially of the statements of profit or loss to understand an organisation's main business activities and financial performance. Our comment letter is supportive of the proposals as we believe they will improve the transparency and comparability of companies’ financial performance.