Regulatory Framework and IAS 8

**Section A** GlobalCare, a cross-border NGO, is adopting IFRS for the first time to satisfy international donors. During the transition, the finance team encounters a unique transaction involving cross-border grant matching that is not specifically addressed by any current IFRS Standard. According to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, what is the FIRST source the management of GlobalCare should refer to when developing an accounting policy for this transaction?