AcSB response – Annual Improvements to IFRS® Standards 2018-2020 Exposure Draft

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Sep 09, 2019

On September 9, 2019, the Accounting Standards Board's (AcSB) response to the International Accounting Standards Board’s (IASB) Exposure Draft, Annual Improvements to IFRS® Standards 2018-2020, was published.

The AcSB continues to strongly support the IASB in its efforts to identify and address standards implementation issues.

Overall, the letter agrees with most of the proposals but recommends that the IASB provide additional guidance to IFRS 16 Leases, to clarify when the reimbursement of leasehold improvements will be identified as a lease incentive.

Review the press release on the AcSB's website and the full letter on the IASB's website.

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