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Sunday 21 December 2014

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IFRS Interpretations Committee

Accounting Policies, Changes in Accounting Estimates and Errors: Distinction between a change in accounting policy and a change in accounting estimate


 Issues concluded by the Interpretations Committee, and recommended for the IASB to action

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors : Distinction between a change in an accounting policy and a change in an accounting estimate

The issue is to clarify the distinction between a change in an accounting policy and a change in an accounting estimate, in relation to the application of IAS 8.

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