IASB Proposes Deferring IAS 1 Amendments
IASB Proposes Deferring IAS 1 Amendments’ Effective Date due to COVID-19. The IASB is proposing to defer by one year the effective date of Classification of…
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IASB Proposes Guidance on COVID-19 Rent Concessions
The International Accounting Standards Board (IASB) has issued the Exposure Draft, Covid-19-Related Rent Concessions. The comment deadline is May 8, 2020. The Exposure Draft proposes…
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IASB to Propose Amendments to IFRS 16
The International Accounting Standards Board (IASB) held a supplementary meeting on April 17, 2020, to discuss COVID-19 related matters. At that meeting, the IASB decided…
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IASB Proposes Additional IFRS Amendments on Interest Rate Benchmark Reform
The IASB has proposed amendments to IFRS Standards to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial…
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IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic
The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the…
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IASB Decides on New Effective Date for IFRS 17
The IASB has completed its discussions on the amendments to IFRS 17 Insurance Contracts that were proposed for public consultation in June 2019 including its…
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IASB Amends IAS 1 on Classification of Debt as Current or Non-Current
The International Accounting Standards Board (IASB) issued narrow-scope amendments to International Accounting Standards (IAS 1), Presentation of Financial Statements, to clarify how to classify debt…
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IASB Proposes Amendments for Interest Rate Benchmark Reform
The International Accounting Standards Board (IASB) has published the Exposure Draft, Interest Rate Benchmark Reform–Proposed amendments to IFRS 9 and IAS 39. The new Exposure…
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