While there are no formal IFRS requirement for management commentary, the IASB has initiated a project that offers a non-binding framework and limited guidance on its application, which could be adapted to the legal and economic circumstances of individual jurisdictions.

Question

Quizplus · Accepted Answer

The IASB has indeed initiated a project to provide a non-binding framework for management commentary, which is intended to be adaptable to the specific legal and economic contexts of different jurisdictions.

While There Are No Formal IFRS Requirement for Management Commentary