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IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.
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21 April 2021
IASB proposes changes to the IFRS Taxonomy 2021 for Disclosure of Accounting Policies and Definition of Accounting Estimates
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The International Accounting Standards Board (Board) has today published a proposed update to the IFRS Taxonomy 2021 for the following amendments to IFRS Standards:
- Disclosure of Accounting Policies, which amended IAS 1 and IFRS Practice Statement 2; and
- Definition of Accounting Estimates, which amended IAS 8.
The Proposed IFRS Taxonomy Update includes changes to the IFRS Taxonomy elements to reflect the new and amended disclosure requirements introduced by the amendments, issued by the Board in February 2021.
Access the IFRS Taxonomy 2021—Proposed Update 1 Disclosure of Accounting Policies and Definition of Accounting Estimates. The deadline for submitting comments is 21 June 2021.
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IFRS Taxonomy Update—Amendments to IAS 1, IAS 8 and IFRS Practice Statement 2 -
IFRS Practice Statement 2: Making Materiality Judgements -
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors -
IAS 1 Presentation of Financial Statements
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IASB proposes changes to the IFRS Taxonomy 2021 for Disclosure of Accounting Policies and Definition of Accounting Estimates ×
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