Please respond to the following:

• Review authoritative guidance on accounting policy disclosures from the International Financial Reporting Standards (IFRS).
• In the search engine, type in accounting policy disclosures. Evaluate the main elements of primary disclosure accounting policies and provide at least two (2) examples of the most commonly required disclosures.
• Give your opinion on the way in which the disclosures you identified are important to financial statement users. Provide a rationale for your opinion.