PwC comments on the SASB conceptual framework exposure draft

Comment letter Jul 26, 2013

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PwC submitted a comment letter supporting SASB's conceptual framework exposure draft. We support voluntary initiatives that contribute to enhanced corporate reporting.


PwC submitted a comment letter supporting the SASB’s conceptual framework exposure draft.

We believe the SASB’s conceptual framework represents an important addition to the debate on the future of corporate reporting. Good corporate reporting is central to the effective functioning of the capital markets and we support voluntary initiatives that meaningfully contribute to this discussion. From our initial review, we believe that the SASB’s guidance will provide valuable insight to companies as they assess the materiality of information for inclusion in their corporate reporting.

While we are optimistic about the SASB’s contribution, we encourage the SASB to consider the following:

  • Ensure its efforts to align with financial reporting are consistent throughout the conceptual framework, particularly with regards to materiality
  • Ensure the conceptual framework provides a clear description of its standard setting process, intended outputs, and key concepts.
  • Continue to evaluate and improve its standard-setting process

Contact us

David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group

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