This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Disclosure Initiative – Accounting Policies – International Accounting Standards Board

Date recorded:

At its meeting on July 22-23, 2020, the IASB tentatively decided to require an entity to apply the amendments to IAS 1 to annual reporting periods beginning on or after January 1, 2023 and to permit early application. The Board also tentatively decided to change the effective date of the amendments to IAS 8 resulting from the Accounting Policies and Accounting Estimates project to annual reporting periods beginning on or after January 1, 2023 and permit early application. All of the Board members confirmed that they were satisfied that the Board has complied with the applicable due process requirements. One Board member indicated that they may dissent from the issuance of the amendments to IAS 1 and IFRS Practice Statement 2. The Board plans to issue the amendments to IAS 1 and IFRS Practice Statement 2 in the fourth quarter of 2020.

Review the IASB Update and podcast on the Board's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.