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Final stage

In February 2022, the International Accounting Standards Board (IASB) issued IFRS Accounting Taxonomy 2021—Update 1 Disclosure of Accounting Policies and Definition of Accounting Estimates.

The Update reflects the amendments to:

  • IAS 1 and IFRS Practice Statement 2, issued in February 2021—Disclosure of Accounting Policies; and
  • IAS 8, issued in February 2021—Definition of Accounting Estimates