Sir, I would like to get a confirmation from you is that
The International Accounting Standards Board (Board) issued Definition of Material(Amendments to IAS 1 and IAS 8) in October 2018.
And the definition had changed,will it affect the definition in the conceptual framework(fundamental characteristic)? or only affect IAS 1 and IAS 8?
Thank you.
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Materiality
6y ago#1Only IAS 1 and 8 would be my understanding.
The important thing on materiality is that you know a few points about materiality from the Practice Statement (in current issues).
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