IFRS Developments issue 186 - IASB defines accounting estimates

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EY Global IFRS

17 Feb 2021 PDF
Categories Other IFRS

The IASB issued amendments to IAS 8, in which it introduces a new definition of "accounting estimates".

The Board’s amendments to IAS Accounting policies, changes in accounting estimates and errors are designed to clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors.