Artículo 5.16. PS 1 Paragraph 5.16

For management commentary to be concise, it needs to: (a) avoid generic information, sometimes called ‘boilerplate’, that is not specific to the entity; (b) avoid unnecessary duplication of information within management commentary, or unnecessary duplication of information provided in the related financial statements or another general purpose financial report; and (c) use simple, clear language and short, clearly structured sentences and paragraphs. Note An entity’s management commentary is designed to complement the entity’s financial statements. Most information in an entity’s financial statements is not duplicated in its management commentary. Information is duplicated there only if necessary to meet the objective of management commentary and the disclosure objectives for the areas of content set out in this Practice Statement or to provide coherence between the management commentary and the related financial statements.