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

Date recorded:

At its meeting on June 21-22, 2017, the IASB discussed an issue that has arisen in drafting an exposure draft for proposed amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (ED). The Board decided to include in the ED a proposal to delete ‘IG Example 3—Prospective application of a change in accounting policy when retrospective application is not practicable’ from the Guidance on Implementing IAS 8. The Board expects to publish the ED in the third quarter of 2017.

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