ACCA welcomes EFRAG contributing to the debate on performance reporting, with this DP providing a sound analysis of the key issues in this area. However, we believe the work of EFRAG would be more fruitful were it more closely aligned to that of the IASB. While this DP was developed in parallel to the IASB's discussion paper, Preliminary views on financial statement presentation (issued October 2008) which also looked into aspects of performance reporting, we believe it would have been more appropriate for this DP to have taken into account some of the suggested proposals in the IASB paper.
Our responses to specific questions raised in the paper are set out in the PDF available for download in 'Related documents'.
