New Accounting Pronouncements 2025. On 12 february 2021, the iasb issued 'definition of accounting estimates (amendments to ias 8)' to help entities to distinguish between accounting policies and accounting estimates. The past several years have been a whirlwind of change in the accounting industry.

The past several years have been a whirlwind of change in the accounting industry. The following changes will go into effect in 2025.