Discussion paper
A discussion paper may describe the issue, possible approaches and the standard setter’s preliminary views. Feedback helps inform later decisions; it is not itself an IFRS Accounting Standard or an instruction to change an entity’s accounting policy. The IASB’s due process depends on the project and can proceed through research, consultation, exposure draft and final standard stages as applicable.
Worked example
The IASB publishes a paper setting out alternative approaches to a reporting issue and invites comments. A preparer may respond to the consultation but does not change its accounting solely because the paper was published.
Common mistake
Treating preliminary views in a discussion paper as mandatory accounting requirements.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FR | Direct | September 2026–June 2027 |
| ACCA | SBR | Supporting | September 2026–June 2027 |