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IFRS Interpretations Committee

Accounting Policies, Changes in Accounting Estimates and Errors: Hierarchy of guidance to select an accounting policy


 IFRS Interpretations Committee agenda decision

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors: Hierarchy of guidance to select an accounting policy

The IFRS Interpretations Committee received a request to clarify the guidance in IAS 8 regarding the use of management's judgement in developing and applying accounting policies, when a particular event, transaction or other condition is not specifically addressed by IFR.

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Deliberations

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Deliberations

Stage completed: March 2011