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AcSB Exposure Draft – Leases

  • IFRS - AcSB Image

Jun 30, 2021

The Accounting Standards Board (AcSB) proposes, subject to comments received following exposure, to amend Section 3065, Leases in Part II of the CPA Canada Handbook – Accounting. This amendment would extend the relief period for both lessees and lessors on accounting for lease modifications received or granted as a result of the COVID-19 pandemic to December 31, 2022. This amendment would also apply to not-for-profit organizations (NFPOs) applying the standards in Part III of the Handbook, as relevant.

Stakeholders are asked to respond to this AcSB Exposure Draft, Leases by July 30, 2021.

Re­view the press release and copy of the Exposure Draft 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.