EFRAG draft comment letter on proposed amendments to IAS 8

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

29 Sep, 2017

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB exposure draft ED/2017/5 'Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)'.

EFRAG supports the IASB proposals; however, EFRAG recommends the development of some more illustrative examples in order to further clarify the distinction between an accounting policy and an accounting estimate

Comments on EFRAG's draft comment letter are requested by 7 December 2017. For more information, see the press release and the draft comment letter on the EFRAG website.

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