Global Standards for the world economy

Monday 20 February 2017

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IFRS Interpretations Committee

Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)


 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)

Project Objective

The objective of the proposed amendment is to clarify the existing distinction between accounting policies and accounting estimates.

In September 2014 the IFRS Interpretations Committee informed the IASB about divergent practices regarding the assessment of whether an accounting change represents a change in accounting policy, or a change in accounting estimate, in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.