14/01/2015 - Share your experience on IAS 8 and contribute to the surveys launched by the OIC (the Italian Standard Setter)!

The IASB is reviewing the disclosure requirements of IAS 1 Presentation of Financial Statements, IAS 7 Statement of Cash Flows and of IAS 8 Accounting policies, Changes in Accounting Estimates and Errors as part of the project Principles of Disclosure within its Disclosure Initiative.

The OIC is contributing to the IASB's review of the disclosure requirements in IAS 8 by undertaking research. The objective of the OIC is to review whether there are aspects of IAS 8 that should be changed. As part of this research, the OIC aims at understanding investors' and preparers' views on accounting changes by conducting two short surveys - one for each stakeholder group. The results of the surveys will be reflected in the research paper, which the OIC will prepare and present to the IASB in the first half of 2015.

EFRAG encourages European constituents to share their experience with the application of IAS 8 and provide input to the research that the OIC is conducting by completing the surveys that can be found on the OIC website.