IFRS EU endorsement process [June 2024]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 31 May 2024.
On 20 November 2023, the amendments to IFRS 16 Leases titled Lease Liability in a Sale and Leaseback were endorsed by the European Commission for use in the European Union.
The EU effective date is the same as the IASB’s effective date (annual periods beginning on or after 1 January 2024).
The amendments clarify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale.
You can find more information about Amendments to IFRS 16 in our article IASB issued an amendment to IFRS 16.
Seminars, webcasts, business breakfasts and other events organized by Deloitte.