IASB Issues Article on Expectations Concerning Adopting Changes due to IFRIC Agenda Decisions

In December 2018, the IASB confirmed its view that it expects companies to be entitled to sufficient time to implement changes in accounting policy that result from an agenda decision published by the IFRS Interpretations Committee (Committee). The Board also agreed to ensure that this view is visible to stakeholders, including by proposing that it be added to the Due Process Handbook.

This article, written by Sue Lloyd, the Vice-Chair of the IASB and the Chair of IFRIC, explains the Board’s position on the implementation of agenda decisions by preparers.

The article can be viewed here.