UK Endorsement Board adopts three narrow-scope amendments

The UKEB adopted three narrow-scope amendments on 30 November 2022, which were published by the IASB in 2021 (effective date: 1 January 2023) as follows:

• Disclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements and to IFRS Practice Statement 2 Making Materiality Judgements).
• Definition of Accounting Estimates (Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors).
• Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12 Income Taxes).

These amendments are effective for annual periods beginning on or after 1 January 2023, with early application permitted.

The UK-adopted international accounting standard text for these amendments.

For more information on the UK Endorsement Board’s approach to the Narrow-scope Amendments 2021 – to IAS 1, IAS 8 and IAS 12 project.

We would like to thank all stakeholders who contributed to this project.