Disclosure initiative — Changes in accounting policies and estimates (Potential Amendments to IAS 8) - IASB

Date recorded:

At its meeting on January 18, 2017, it was reported that, in response to feedback on the wording of a draft of an Exposure Draft proposing amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, the Exposure Draft will now define ‘accounting estimates’ rather than ‘a change in accounting estimate’. This replacement will make it easier for readers to compare the definitions of accounting policies and accounting estimates and will clarify what the Board is intending to achieve in its proposal to amend IAS 8. The Board expects to publish the Exposure Draft in the second quarter of 2017.

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