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Deloitte comment letter on the IASB's proposal to defer the effective date of recent IAS 1 amendments

Published on: 03 Jun 2020

We have commented on IASB exposure draft ED/2020/3, Classification of Liabilities as Current or Non-Current – Deferral of Effective Date, which was published by the IASB on 4 May 2020. The ED proposes to defer the effective date of the January 2020 amendments to IAS 1 by one year.

We sup­port the deferral of the effective date and believe that it is important that entities have sufficient time to analyse the potential effect of the amendments on the classification of their liabilities and, if necessary, renegotiate their debt covenants. We suggest the Board consider additional guidance on how the recent amendments should be applied.

Please click to download our full comment letter below.


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