The International Accounting Standards Board (Board) has published for public consultation proposed amendments to the definition of 'material'.

The Exposure Draft Definition of Material proposes minor amendments to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors to clarify the definition and improve understanding of the current requirements.

Deadline for submitting comment letters: 15 January 2018

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