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We comment on the IASB's proposed amendments to IAS 8

  • Deloitte document (mid gray) Image

16 Jan 2018

We have responded to the IASB's exposure draft ED/2017/5 'Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)' that was published in September 2017.

While we agree with the Board that there is insufficient guidance in IAS 8 for those that apply IFRS to distinguish between changes in accounting policies and changes in accounting estimates, our assessment is that the proposed changes will not provide the clarity that stakeholders need to distinguish between a change in estimate and a change in accounting policy to the extent expected.

Please download the full comment letter here.

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