This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.

IFR Bulletin 6 | 2020

20 toukokuuta 2020

IFR Bulletins focus on the latest developments in international financial reporting.

In this issue:
Amendments to IFRS 16 Proposed by IASB for Lessees

In this issue: As a result of the COVID-19 pandemic, changes are being made to leases, such as lessors providing ‘rent holidays’ to lessees. On 10 April 2020, in response to questions which have been raised about the application of IFRS 16 to these changes, the IASB issued a document for educational purposes, but did not propose amendments to IFRS 16. The IASB held a new meeting on 17 April 2020 to propose narrow-scope amendments to IFRS 16 to offer relief to lessees. The description of the proposed practical expedients below are based on the staff paper discussed on 17 April 2020 and IASB discussions. The eventual exposure draft and if approved, final amendments, may differ from the summary below.