IASB Disclosure Initiative
Its projects have addressed matters such as materiality, disclosure principles and targeted changes to standards. It is a description of standard-setting work, not a single accounting standard that overrides individual disclosure requirements. Check whether a proposal became an issued requirement and which dated rules apply to the reporting or examination period.
Worked example
A preparer uses the applicable requirements and materiality judgement to give entity-specific information, rather than reproducing boilerplate disclosures.
Common mistake
Treating an initiative or exposure draft as an automatically applicable requirement, or assuming improved communication permits omission of material disclosures.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FR | Supporting | September 2026–June 2027 |
| ACCA | SBR | Supporting | September 2026–June 2027 |