Overview of proposed IAS 8 amendments
May 11, 2018
On May 11, 2018, the International Accounting Standards Board (the Board) published a short overview of the exposure draft "Accounting Policy Changes (Proposed amendments to IAS 8)".
The proposed amendments would introduce a new threshold that requires a company to consider the expected benefits to users of financial statements and the cost to the company of applying accounting policy changes that result from IFRS Interpretation Committee agenda decisions retrospectively.
Review the press release and the overview on the Board's website.
