AASB 108 - Accounting Policies, Changes in Accounting Estimates and Errors - July 2004
Comparison with IAS 8Comparison with IAS 8
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Comparison with IAS 8
AASB 108 and IAS 8
AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors as amended incorporates IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 8) are identified with the prefix “Aus” or “RDR”, followed by the number of the preceding IASB paragraph and decimal numbering.
Compliance with IAS 8
Entities that comply with AASB 108 as amended will simultaneously be in compliance with IAS 8 as amended, with the exception of entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements.