The International Accounting Standards Board (Board) has published an Exposure Draft Accounting Policies and Accounting Estimates for public consultation and open for comment until 15 January 2018.
The purpose of the proposed amendments 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 downloaded from the IFRS website.
Source: IFRS, 12 September 2017