Accounting policies and accounting estimates
Date recorded:
Accounting Policies and Accounting Estimates - Update on testing of proposed amendments - Agenda paper 26
Background
The Board is in the process of balloting the ED on the proposed amendments to IAS 8 to clarify the distinction between accounting policies and accounting estimates. The Staff has tested the proposed wording on a few examples and noted that no significant issues emerged from the testing.
Discussion
The Board was not asked to make any decisions on this paper and no significant discussions were held.