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IASB updates on the materiality projects

  • IFRS - IASB Image

Jun 12, 2017

On June 12, 2017, the International Accounting Standards Board (IASB) released a message indicating that at its June 2017 meeting, the Board will discuss whether to confirm the proposed guidance on covenants in the draft IFRS Practice Statement "Making Materiality Judgements".

The publication of the Practice Statement and the Exposure Draft, Definition of Materiality will be postponed until after the sweep issues have been discussed by the Board.

The Exposure Draft proposes minor amendments to IAS 1, Presentation of Financial Statements and IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors.

Review the press release on the IASB's website.

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