Could profit or loss become more useful? And what is the role of other comprehensive income?

 26 May 2015

Investors are invited to join us in Brussels on 1 July 2015

We are seeking input from investors as we consider ways to improve the usefulness of profit or loss (P&L). This will be one of the key issues we discuss with investors as part of the International Accounting Standards Board’s (IASB) project to propose changes to its Conceptual Framework for Financial Reporting.

Join us to share your views on how the P&L could better meet your needs:

The discussion will be led by a panel of leaders in the investment management industry and the accounting standard-setting community, including Jesùs Lopez Zaballos, Chairman of the European Federation of Financial Analysts Societies (EFFAS); Françoise Flores, Chairman of the European Financial Reporting Advisory Group’s Technical Export Group (EFRAG TEG); Patricia McBride, EFRAG Technical Director; Hans Buysse, member of EFFAS Management Committee and EFRAG Board member; Steve Cooper, IASB member and Frank Klein (Deutsche Asset & Wealth Management). As an introduction to the panel debate, the results of a study sponsored by EFRAG and the Institute of Chartered Accountants of Scotland (ICAS) of how investors use financial statements will be presented, and the implications for financial reporting will be discussed.

This event is hosted by the IASB, in conjunction with EFRAG, EFFAS and the Association Belge des Analystes Financiers (ABAF).

There is no charge for the participation and the language of the event will be English. This event will take place at EFRAG’s offices; for further details please read the formal invitation here.

To register please send an email to, including your contact details, by 24 June 2015.

This event forms part of a comprehensive programme of outreach activities to all IFRS stakeholders. Find out more about IASB investor outreach at the IASB’s Investor Centre.

Other information about the Conceptual Framework can be found here.