EU published Amendments to IAS 1 and IAS 8

The European Union has published the Commission Regulation (EC) No 2019/2104 of 29 November 2019 amending Regulation (EC) No 1226/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council in the Official Journal 10 December 2019.

This regulation incorporates the amendments to the following Standards in connection with the IASB publication Definition of Material: IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.