Dear Mister Tweedie,

I think it is very ambitious to create a financial framework that is worldwide accepted and used as the only framework. The IASB May 2008 exposure draft is a remarkable piece of consistent thinking through the basics of financial reporting. My remarks should be seen in this light with the ambition to apply capital provider focus and efficient processes. Scrap waste, processes and procedures that do not add value to capital providers (OB 5- OB 7).

Comments on the IASB conceptual framework exposure draft May 2008

Built up goodwill
Built up goodwill is in financial reports currently not valuated and not included in the value of the economic entity. I am not arguing that it should be reported, this would lead to very high variations in the valuation. However built up goodwill can represent most of the value of the economic entity. Take for example the stock exchange value of companies or the net present value of an economic entity. At a point in time this......

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Title: Comment Letter Iasb Framework 2008
Approximate Word Count: 4241
Approximate Pages: 17 (250 words per double-spaced page)

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