This paper investigates the Italian firms' disclosure in response to the new guidance on the management commentary (MC) contained in the International Financial Reporting Standard (IFRS) practice statement issued by International Accounting Standards Board (IASB) in 2010. The study is organized...

In banking industry, equity investments classified as available for sale (AFS) are a relevant portion of financial assets. According to IAS 39, they must be measured (“at” and “after” recognition) at fair value. Increases or decreases in this value have to be recognized in the other...