Need to know — Spotlight on key judgements and estimates disclosures

Published on: 20 Apr, 2017

This edition of Need to know focuses on the requirements of IAS 1 Presentation of Financial Statements relating to the disclosure of key judgements management has made in the process of applying accounting policies and of assumptions and other sources of estimation uncertainty underlying amounts included in the accounts. These requirements are an area of investor focus and a common source of regulatory challenge.

This publication was updated in December 2017 to incorporate key messages from the FRC’s thematic review feedback.


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