Handbook Update – Section 3065, Leases
Dec 01, 2021
on December 1, 2021, the Accounting Standards Board (AcSB) amended Section 3065, "Leases" to extend the optional relief by one year for both lessees and lessors on accounting for rent concessions received or granted as a result of the COVID-19 pandemic. This amendment is effective for fiscal years ending on or after December 31, 2021. Earlier application is permitted, including in financial statements not yet authorized for issue.
Review the amendments on the CPA Canada's website.
