Feedback Statement: Disclosures

This Feedback Statement provides an overview of the key messages from the responses to the IAASB’s January 2011 Discussion Paper, The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications. International collaboration and cooperation with the accounting standard setters, regulators and others has been recognized as key to addressing some of the more significant issues identified, and the IAASB believes that sharing what it has heard will be useful in stimulating further thinking and exploration of this very important topic.