IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
Criteria for selecting and applying accounting policies, accounting for changes in policies and estimates, and correction of prior-period errors.
Why IAS 8 matters
Restatements of comparatives must follow IAS 8. Late identification means late filing.
Framework: International Accounting Standards (IAS)
IAS were issued by the IASC before being superseded by the IASB. Many IAS remain in force and are part of IFRS as adopted in Canada.
Primary source: IFRS Foundation
Frequently asked
What is IAS 8?
Criteria for selecting and applying accounting policies, accounting for changes in policies and estimates, and correction of prior-period errors.
Why does IAS 8 matter for an audit?
Restatements of comparatives must follow IAS 8. Late identification means late filing.
Which framework does IAS 8 belong to?
IAS 8 falls under International Accounting Standards (IAS). IAS were issued by the IASC before being superseded by the IASB. Many IAS remain in force and are part of IFRS as adopted in Canada.
Related standards — International Accounting Standards (IAS)
See how Auditus checks IAS 8
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including IAS 8.