The European Union has published a Commission Regulation endorsing Amendments to IAS 1  Presentation of Financial Statements  and IFRS Practice Statement 2:  Disclosure of Accounting policies as well as Amendments to IAS 8  Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates . The Amendments are effective for annual periods beginning on or after 1 January 2023. Read the complete news here .