2020 changes to Part I

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Jun 01, 2021

On June 1, 2021, the Accounting Standards Board (AcSB) released a document summarizing the endorsement activities carried out as part of its due process in support of the changes made to IFRS Standards in Part I of the CPA Canada Handbook – Accounting in 2020.

The 2020 changes made to Part I to incorporate new or amended IFRS Standards, as well as the Board’s endorsement activities for each change, is summarized in Appendix 1.

The 2020 changes to Part I include COVID-19-Related Rent Concessions, Interest Rate Benchmark Reform – Phase 2, amendments to IFRS 17 Insurance contacts, and more.

Review the press release and changes on the AcSB's website.

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