Date: July 14, 2014

Issue: FASB


Filing Type: Regulatory

Description: The CCMC appreciates the opportunity to comment on the Financial Accounting Standards Board (“FASB”) Exposure Draft on the Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements (“the Proposal”), which amends an earlier version of the proposal published in July, 2012 (“July 2012 Proposal”). The CCMC commented on the July 2012 Proposal1 and appreciates that a number of our concerns have been addressed. Indeed, we believe that the Proposal is an important project to improve disclosure effectiveness to promote efficient capital markets and protect investors in a 21st century economy.

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