IASB issues IFRS Accounting Taxonomy Update for Disclosure of Accounting Policies and Definition of Accounting Estimates


The International Accounting Standards Board (IASB) has issued an update to the IFRS Accounting Taxonomy 2021 to reflect the amendments:

•Disclosure of Accounting Policies, issued in February 2021, which amended IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements; and
•Definition of Accounting Estimates, issued in February 2021, which amended IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.

IFRS Accounting Taxonomy 2021—Update 1 Disclosure of Accounting Policies and Definition of Accounting Estimates includes changes to the IFRS Accounting Taxonomy to reflect the new and updated disclosure requirements introduced by these amendments.

https://www.ifrs.org/news-and-events/news/2022/02/iasb-issues-ifrs-accounting-taxonomy-update-for-disclosure-of-accounting-policies-and-definition-of-accounting-estimates/

login