On December 18, 2014, as part of its Disclosure Initiative,28 the IASB issued amendments to IAS No. 1 to encourage companies to apply professional judgment in determining what information to disclose and how to structure it in their financial statements. What are the key aspects of this proposal?

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The Answer of On December 18, 2014, as part of its Disclosure Initiative,28 the IASB issued amendments to IAS No. 1 to encourage companies to apply professional judgment in determining what information to disclose and how to structure it in their financial statements. What are the key aspects of this proposal?

On December 18, 2014, as Part of Its Disclosure Initiative,28