On June 23, 2025, the International Accounting Standards Board (IASB) issued a revised version of the Management Review Practice Statement. This statement aims to improve the management comments and narrative reports accompanying financial statements, and promote the standardization of relevant disclosures worldwide.
In response to the deficiencies in current practices reflected by investors, the IASB has comprehensively revised the "Statement of Practice" to enhance the quality and relevance of information provided to investors.
The IASB is committed to making the revised practice statement a benchmark reference document for global regulatory agencies to update or develop their own reporting requirements and guidelines. This guide will also serve as a comprehensive resource library for companies to prepare reports, helping them efficiently respond to investors' information needs.
During the revision process, the IASB has engaged in deep cooperation with the International Sustainability Standards Board. Both parties are committed to coordinating the relevant requirements of the two councils and promoting the organic integration of various types of information in corporate financial reports. In addition, the IASB has fully incorporated innovative achievements in the field of narrative reporting when updating its Practice Statement, and the Integrated Reporting Framework is one of them.