The Commission Regulation (EU) No 2022/357 of 2 March 2022, published in the Official Journal of the European Union L 68 on 3 March 2022, adopts amendments to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
Those amendments clarify the differences between accounting policies and accounting estimates to ensure further consistent application of accounting standards and comparability of financial statements.
Each company shall apply the amendments as from 1 January 2023.