AcSB endorses IASB’s Amendments to IAS 1
Oct 01, 2020
On October 1, 2020, the Accounting Standards Board (AcSB) endorsed the IASB’s amendment to defer effective date of Classification of Liabilities as Current or Non-Current (Amendments to IAS 1)
The amendment, which defers the effective date of Classification of Liabilities as Current or Non-current (Amendments to IAS 1) by one year, is now in Part I of the CPA Canada Handbook. The amendments to IAS 1 are effective for annual reporting periods beginning on or after January 1, 2023. Earlier application is permitted.
Review the effective dates for new standards on the AcSB's website.
