BDO submits comment letter to the IASB on Exposure Draft 2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach

BDO has submitted a comment letter in response to the exposure draft issued by the IASB Disclosure Requirements in IFRS Standards – A Pilot Approach.

While BDO supports the efforts of the IASB to improve the quality of financial statements, BDO does not believe that the approach as set out in the exposure draft would reduce the deficiencies observed by the IASB, and in some cases, they would be likely to worsen the deficiencies and make the enforcement of IFRS Accounting Standards significantly more challenging for auditors and regulators.

The exposure draft and BDO’s comment letter may be accessed here.