AcSB endorses the IASB’s package of narrow-scope amendments to IFRS Standards
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.
Related Topics
- Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) [Completed]
- Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) [Completed]
- Updating a Reference to the Conceptual Framework (Amendments to IFRS 3) [Completed]
- Annual Improvements to IFRSs 2018-2020 Cycle [Completed]
