AcSB Response – COVID-19-Related Rent Concessions beyond June 30, 2021 (Proposed Amendment to IFRS 16)
Mar 02, 2021
On March 2, 2021, the Accounting Standards Board (AcSB) released the comment letter it submitted responding to the IASB’s Exposure Draft issued in February 2021.
The letter agrees with the proposal to extend the relief related to COVID-19 related rent concessions and suggests factors to consider when selecting the extension timeframe. The letter also suggests that the transition provisions provide more flexibility.
Review the full letter.
