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Potential impact on lease accounting

  • IFRS - AcSB Image

Jul 28, 2020

On July 28, 2020, the Accounting Standards Board (AcSB) released an updated version of their publication on how the COVID-19 pandemic is affecting the ability of organizations to collect and pay rent and other lease obligations.

This means companies should use professional judgement and consider the potential implications that COVID-19 could have relating to the accounting for leases under IFRS 16, Leases.

Review the publication on the AcSB's website.

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Correction list for hyphenation

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