Global Standards for the world economy

Tuesday 15 October 2019

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Project news


The staff provided a project update

 18 January 2017


At the meeting on 18 January 2017, it was reported that, in response to feedback on the wording of a draft of an Exposure Draft proposing amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, the Exposure Draft will now define ‘accounting estimates’ rather than ‘a change in accounting estimate’.

This replacement will make it easier for readers to compare the definitions of accounting policies and accounting estimates and will clarify what the International Accounting Standards Board (the Board) is intending to achieve in its proposal to amend IAS 8.

The Board was not asked to make any decisions.

Next steps

The Board expects to publish the Exposure Draft in the second quarter of 2017.