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AcSB endorses the IASB’s package of narrow-scope amendments to IFRS Standards

  • IFRS - AcSB Image

Sep 01, 2020

On September 1, 2020, the Accounting Standards Board (AcSB) endorsed the IASB’s package of narrow-scope amendments to IFRS Standards, which are now in Part I of the CPA Canada Handbook – Accounting, effective for annual reporting periods beginning on or after January 1, 2022. The package includes the IASB’s Annual Improvements and narrow-scope amendments to three standards – IAS 16 "Property, Plant and Equipment", IFRS 3 "Business Combinations", and IAS 37 "Provisions, Contingent Liabilities and Contingent Assets".

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.