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AcSB endorses IASB’s Amendments to IAS 1

  • IFRS - AcSB Image

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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.