Beyond the GAAP - February 2021 Issue

A major development this month is the publication of a proposed amendment to IFRS 16 in the light of the ongoing public health crisis: the practical expedient that was rushed through by the IASB last spring may now be applied to rent concessions granted up to 30 June 2022, rather than 30 June 2021.

As with the original amendment on COVID-19-related rent concessions, the IASB has opted for an accelerated due process, with the final version of the amendment scheduled for publication by the end of March.

February also saw the IFRS Foundation take a further step towards the creation of a Sustainability Standards Board (SSB) to sit alongside the International Accounting Standards Board, which publishes IFRSs. The Foundation received huge support from stakeholders in response to its consultation on the need for global sustainability reporting standards, which was launched in autumn 2020. The SSB could be established by the end of 2021, and would then face the significant challenge of making rapid improvements to the global consistency and comparability of sustainability reporting.

文件

152 - Beyond the GAAP - February 2021.pdf
152 - Index.pdf