Does IAS 1 require the consistent use of accounting policies from year to year? Before you read our model answer, think about your own answer and consider whether you have included the following points. Select the points you included and see how you did. Did you identify that IAS 8 rather than IAS 1 addresses accounting policies? Did you identify that accounting policies are not generally changed.

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Yes IAS 1 does require the consistent use of accounting policies from year t... View the full answer