Call for commentary.

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CIMA is urging international bodies to play an active role in the International Accounting Standards Board's (IASB's) exposure draft consultation on management commentary, issued on June 23.

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The consultation is an important step in improving the quality of narrative reporting worldwide. But, since management commentary is not standard or mandatory, CIMA believes it's vital that international bodies encourage its widespread use.

"With the recession a consequence of the financial crisis, narrative reporting has never been more important," said Charles Tilley, CIMA's chief executive...

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