Classification of Debt with Covenants as Current or Non-current - International Accounting Standards Board

Date recorded:

At its meeting on July 18-21, 2022, the IASB discussed the amendments to IAS 1 that it has tentatively decided to make as part of this project. The IASB tentatively decided to require entities to apply the amendments for annual reporting periods beginning on or after January 1, 2024. The IASB decided that the amendments do not require re-exposure. No IASB member indicated an intention to dissent from issuing the amendments.  All 10 IASB members confirmed they were satisfied the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the amendments. The IASB expects to issue the amendments in the fourth quarter of 2022.

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