AcSB Exposure Draft – Leases
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.
