The National Board of Accountants and Auditors (NBAA) is seeking comments on the exposure draft from her stakeholders.

Objective of the Exposure Draft

NBAA is currently in the process of reviewing TFRS 1: The Directors’ Report which was issued in 2010, with the aim of updating hence accommodating various developments and changes that have taken place since its issuance. Stringent requirements for governance are required to be complied with by Reporting entities whether incorporated or otherwise. Reporting entities are more responsive to quite a number of stakeholders.

Please click the following links to access Exposure Draft and Proposed TFRS 1:-

1. Exposure Draft

2. Proposed TFRS 1