The International Accounting Standards Board (IASB) has proposed an Exposure Draft IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for public consultation and comments by 15 January 2018.
The purpose of the Exposure Draft is to help companies distinguish accounting policies from accounting estimates because changes in accounting estimates often affect a company’s profit or loss, but changes in accounting policies generally do not.
The Exposure Draft can be accessed from the International Financial Reporting Standards (IFRS) website.
Source: IFRS, 12 September 2017