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About the Management Commentary Consultative Group

In November 2017 the International Accounting Standards Board (IASB) added to its agenda a project to overhaul IFRS Practice Statement 1 Management Commentary (Practice Statement). The IASB’s objective in the Management Commentary project is to develop a comprehensive set of requirements and guidance that would enable companies to bring together, in a single, concise and coherent narrative, information about financial, sustainability-related and other factors that are fundamental to the company’s ability to create value and generate cash flows, including in the long term. To support this project, the IASB created the Management Commentary Consultative Group.

The aim of the group is to provide the IASB with access to practical experience and expertise in developing, implementing and using management commentary regimes, and to advise the IASB as it progresses the work on the project.