EFRAG publishes draft endorsement advices on disclosure of accounting policies and definition of accounting estimates
15 Mar, 2021
EFRAG has published draft endorsement advices on ‘Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2)’ and ‘Definition of Accounting Estimates (Amendments to IAS 8).’
For both the amendments regarding disclosure of accounting policies and the definition of accounting estimates, the EFRAG's overall preliminary assessment is that the amendments satisfy the criteria for endorsement for use in the EU and therefore recommends their endorsement.
Please click to access:
- Updated EFRAG IFRS endorsement status report that reflects the publication of the draft endorsement advice letters.
- Press release on the draft endorsement advice for the disclosure of accounting policies on the EFRAG's website.
- Press release on the draft endorsement advice for the definition of accounting estimates on the EFRAG's website.
