ED 2018/1 Accounting Policy Changes
27 March 2018
The International Accounting Standards Board (IASB) has issued an Exposure Draft (ED) proposing narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
In deciding how far back to go in applying a change in accounting policy that results from an agenda decision made by the IFRS Interpretations Committee, the ED proposes that companies should consider not only whether it is practicable but also the benefits to users and costs to the company of making the change.
The deadline for submitting comment letters to the IASB is 27 July 2018.
Further information and the ED is available from the IASB’s web site here.