EFRAG's draft comment letter on the IASB's ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)

​EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 7 December 2017.

​On 12 September 2017, the IASB issued the Exposure Draft ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8) ('the ED') with a comment period ending on 15 January 2018.

Entities sometimes struggle to distinguish between accounting policies and accounting estimates and regulators have identified divergent practices. Therefore, the ED proposes to clarify the distinction by amending IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.

The draft comment letter is available here.

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