The IASB Conceptual Framework for Financial Reporting (as released in 2010), removed 'stewardship'. It was reinstated in 2018. Stewardship in this context relates to: X how closely the information provided in the financial report reflects the concerns of the reporting entity's management. whether the information is comparable, verifiable, timely and X understandable. the relevance of performance, financial position, funding and X investing, and compliance. how efficiently and effectively the reporting entity's X management has discharged its responsibilities to use the entity's economic resources